2024 MNT to AFN Historical Review

YEARLY HIGH

0.0218 AFN

YEARLY LOW

0.0192 AFN

YEARLY AVERAGE

0.0206 AFN

2024 MNT to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MNT to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 3, valuing the pair at 0.0218. Conversely, the yearly low was recorded on October 17, dropping to 0.0192.

This high-to-low spread represents a total annual volatility of 0.0027 AFN. From a start-to-finish perspective, comparing the January average rate of 0.0207 to the December average rate of 0.0204, the exchange rate registered a net change of -1.46% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0218 was down 18.25% compared to the 2023 peak of 0.0267, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 109 AFN

2023 Average 119 AFN

Yearly Trough Low 96 AFN

Transaction Impact: A difference of 13.29 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0214

0.0196

JanuMarcMayJulySeptNove

MNT to AFN 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 0.0208, compared to 0.0203 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0208

H2 Avg (Jul–Dec) 0.0203

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.0013 AFN (High: 0.0215 / Low: 0.0203). On the other end, April was the most stable month, with a tight range of 0.0003 AFN (High: 0.0210 / Low: 0.0206).

January Spread (Volatile) ±0.0013

April Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between June and August, 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 September and October, when the average rate fell by 0.0007 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.0212) against the same month in 2023 (average: 0.0263), the exchange rate shifted by -0.0051 (-19.40%).

2024 Avg (February) 0.0212

2023 Avg (February) 0.0263

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0215	0.0203	0.0207
February	0.0218	0.0209	0.0212
March	0.0212	0.0206	0.0209
April	0.0210	0.0206	0.0208
May	0.0210	0.0204	0.0208
June	0.0208	0.0202	0.0204
July	0.0209	0.0203	0.0206
August	0.0209	0.0206	0.0208
September	0.0209	0.0200	0.0205
October	0.0202	0.0192	0.0197
November	0.0201	0.0197	0.0199
December	0.0207	0.0199	0.0204