2024 MNT to GNF Historical Review

YEARLY HIGH

2.5530 GNF

YEARLY LOW

2.4801 GNF

YEARLY AVERAGE

2.5132 GNF

2024 MNT to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MNT to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on October 1, valuing the pair at 2.5530. Conversely, the yearly low was recorded on March 23, dropping to 2.4801.

This high-to-low spread represents a total annual volatility of 0.0729 GNF. From a start-to-finish perspective, comparing the January average rate of 2.4913 to the December average rate of 2.5399, the exchange rate registered a net change of 1.95% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.5530 was down 1.16% compared to the 2023 peak of 2.5829, 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 12,765 GNF

2023 Average 12,449 GNF

Yearly Trough Low 12,400 GNF

Transaction Impact: A difference of 364.50 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.5481

2.4849

JanuMarcMayJulySeptNove

MNT to GNF 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 2.4918, compared to 2.5346 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0428 points.

H1 Avg (Jan–Jun) 2.4918

H2 Avg (Jul–Dec) 2.5346

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0500 GNF (High: 2.5373 / Low: 2.4873). On the other end, September was the most stable month, with a tight range of 0.0086 GNF (High: 2.5472 / Low: 2.5386).

July Spread (Volatile) ±0.0500

September Spread (Stable) ±0.0086

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 October and November, when the average rate fell by 0.0032 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0032

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 2.5420) against the same month in 2023 (average: 2.4929), the exchange rate shifted by +0.0491 (+1.97%).

2024 Avg (October) 2.5420

2023 Avg (October) 2.4929

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4996	2.4846	2.4913
February	2.5096	2.4896	2.4935
March	2.4980	2.4801	2.4908
April	2.4981	2.4832	2.4901
May	2.4964	2.4811	2.4908
June	2.5083	2.4894	2.4940
July	2.5373	2.4873	2.5076
August	2.5435	2.5184	2.5361
September	2.5472	2.5386	2.5428
October	2.5530	2.5366	2.5420
November	2.5512	2.5307	2.5388
December	2.5468	2.5323	2.5399