2024 MGA to MNT Historical Review

YEARLY HIGH

0.7935 MNT

YEARLY LOW

0.7186 MNT

YEARLY AVERAGE

0.7559 MNT

2024 MGA to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MGA to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on April 3, valuing the pair at 0.7935. Conversely, the yearly low was recorded on December 13, dropping to 0.7186.

This high-to-low spread represents a total annual volatility of 0.0749 MNT. From a start-to-finish perspective, comparing the January average rate of 0.7560 to the December average rate of 0.7230, the exchange rate registered a net change of -4.35% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.7935 was down 2.38% compared to the 2023 peak of 0.8129, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,968 MNT

2023 Average 3,891 MNT

Yearly Trough Low 3,593 MNT

Transaction Impact: A difference of 374.48 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.7910

0.7169

JanuMarcMayJulySeptNove

MGA 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 0.7705, compared to 0.7414 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0291 points.

H1 Avg (Jan–Jun) 0.7705

H2 Avg (Jul–Dec) 0.7414

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0295 MNT (High: 0.7737 / Low: 0.7442). On the other end, February was the most stable month, with a tight range of 0.0071 MNT (High: 0.7635 / Low: 0.7564).

July Spread (Volatile) ±0.0295

February Spread (Stable) ±0.0071

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0178 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0178

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.7849) against the same month in 2023 (average: 0.8039), the exchange rate shifted by -0.0190 (-2.37%).

2024 Avg (April) 0.7849

2023 Avg (April) 0.8039

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7638	0.7466	0.7560
February	0.7635	0.7564	0.7599
March	0.7910	0.7624	0.7724
April	0.7935	0.7747	0.7849
May	0.7826	0.7738	0.7783
June	0.7771	0.7627	0.7714
July	0.7737	0.7442	0.7621
August	0.7550	0.7379	0.7443
September	0.7525	0.7443	0.7480
October	0.7482	0.7355	0.7402
November	0.7381	0.7239	0.7306
December	0.7303	0.7186	0.7230