2024 MNT to ETB Historical Review

YEARLY HIGH

0.0376 ETB

YEARLY LOW

0.0162 ETB

YEARLY AVERAGE

0.0241 ETB

2024 MNT to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MNT to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.0376. Conversely, the yearly low was recorded on January 7, dropping to 0.0162.

This high-to-low spread represents a total annual volatility of 0.0214 ETB. From a start-to-finish perspective, comparing the January average rate of 0.0164 to the December average rate of 0.0373, the exchange rate registered a net change of 127.88% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0376 was up 130.19% compared to the 2023 peak of 0.0164, 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 188 ETB

2023 Average 79 ETB

Yearly Trough Low 81 ETB

Transaction Impact: A difference of 107.23 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0394

0.0143

JanuMarcMayJulySeptNove

MNT to ETB 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 0.0165, compared to 0.0317 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0152 points.

H1 Avg (Jan–Jun) 0.0165

H2 Avg (Jul–Dec) 0.0317

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0100 ETB (High: 0.0332 / Low: 0.0232). On the other end, May was the most stable month, with a tight range of 0.0002 ETB (High: 0.0167 / Low: 0.0165).

August Spread (Volatile) ±0.0100

May Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.0373) against the same month in 2023 (average: 0.0163), the exchange rate shifted by +0.0210 (+128.96%).

2024 Avg (December) 0.0373

2023 Avg (December) 0.0163

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0164	0.0162	0.0164
February	0.0166	0.0163	0.0164
March	0.0165	0.0163	0.0164
April	0.0167	0.0164	0.0165
May	0.0167	0.0165	0.0166
June	0.0168	0.0165	0.0167
July	0.0222	0.0166	0.0170
August	0.0332	0.0232	0.0303
September	0.0353	0.0325	0.0340
October	0.0359	0.0348	0.0354
November	0.0372	0.0353	0.0361
December	0.0376	0.0365	0.0373