2024 KRW to MNT Historical Review

YEARLY HIGH

2.6940 MNT

YEARLY LOW

2.2985 MNT

YEARLY AVERAGE

2.5145 MNT

2024 KRW to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the KRW to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 2.6940. Conversely, the yearly low was recorded on December 31, dropping to 2.2985.

This high-to-low spread represents a total annual volatility of 0.3954 MNT. From a start-to-finish perspective, comparing the January average rate of 2.6046 to the December average rate of 2.3590, the exchange rate registered a net change of -9.43% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.6940 was down 3.35% compared to the 2023 peak of 2.7874, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000,000 KRW based on timing:

Yearly Peak High 13,469,828 MNT

2023 Average 13,258,106 MNT

Yearly Trough Low 11,492,664 MNT

Transaction Impact: A difference of 1,977,163.51 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.6292

2.3344

JanuMarcMayJulySeptNove

KRW to MNT Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 2.5548, compared to 2.4743 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0804 points.

H1 Avg (Jan–Jun) 2.5548

H2 Avg (Jul–Dec) 2.4743

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.1363 MNT (High: 2.4348 / Low: 2.2985). On the other end, February was the most stable month, with a tight range of 0.0328 MNT (High: 2.6050 / Low: 2.5722).

December Spread (Volatile) ±0.1363

February Spread (Stable) ±0.0328

Growth Streaks & Declines

Trends

Between July and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0770 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0770

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 2.6046) against the same month in 2023 (average: 2.7422), the exchange rate shifted by -0.1376 (-5.02%).

2024 Avg (January) 2.6046

2023 Avg (January) 2.7422

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6940	2.5646	2.6046
February	2.6050	2.5722	2.5891
March	2.6307	2.5546	2.5893
April	2.5642	2.4788	2.5186
May	2.5606	2.4944	2.5297
June	2.5266	2.4747	2.4973
July	2.5141	2.4485	2.4836
August	2.5648	2.4688	2.5172
September	2.5933	2.5276	2.5548
October	2.5643	2.4459	2.4954
November	2.4731	2.4128	2.4359
December	2.4348	2.2985	2.3590