2024 MAD to MNT Historical Review

YEARLY HIGH

355.1353 MNT

YEARLY LOW

336.3411 MNT

YEARLY AVERAGE

344.8548 MNT

2024 MAD to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MAD to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on August 24, valuing the pair at 355.1353. Conversely, the yearly low was recorded on December 31, dropping to 336.3411.

This high-to-low spread represents a total annual volatility of 18.7942 MNT. From a start-to-finish perspective, comparing the January average rate of 346.6807 to the December average rate of 339.2512, the exchange rate registered a net change of -2.14% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 355.1353 was down 3.04% compared to the 2023 peak of 366.2830, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,775,676 MNT

2023 Average 1,710,831 MNT

Yearly Trough Low 1,681,706 MNT

Transaction Impact: A difference of 93,970.86 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

350.3640

338.2410

JanuMarcMayJulySeptNove

MAD 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 344.4356, compared to 345.2741 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.8384 points.

H1 Avg (Jan–Jun) 344.4356

H2 Avg (Jul–Dec) 345.2741

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 13.2095 MNT (High: 355.1353 / Low: 341.9258). On the other end, February was the most stable month, with a tight range of 3.8295 MNT (High: 344.8276 / Low: 340.9980).

August Spread (Volatile) ±13.2095

February Spread (Stable) ±3.8295

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 4.3294 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -4.3294

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 348.4168) against the same month in 2023 (average: 348.5124), the exchange rate shifted by -0.0956 (-0.03%).

2024 Avg (August) 348.4168

2023 Avg (August) 348.5124

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	350.2634	344.3323	346.6807
February	344.8276	340.9980	343.0219
March	345.8858	340.3498	343.1414
April	345.1080	339.3548	341.7945
May	348.3313	341.1886	345.3637
June	349.3446	343.5961	346.6115
July	352.5339	342.2792	348.2329
August	355.1353	341.9258	348.4168
September	351.5360	346.6776	349.3537
October	348.4107	342.0232	345.0243
November	346.1886	337.2872	341.3653
December	341.6323	336.3411	339.2512