2024 MNT to IRR Historical Review

YEARLY HIGH

12.4338 IRR

YEARLY LOW

12.1826 IRR

YEARLY AVERAGE

12.2832 IRR

2024 MNT to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MNT to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 28, valuing the pair at 12.4338. Conversely, the yearly low was recorded on March 5, dropping to 12.1826.

This high-to-low spread represents a total annual volatility of 0.2512 IRR. From a start-to-finish perspective, comparing the January average rate of 12.1881 to the December average rate of 12.4143, the exchange rate registered a net change of 1.86% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 12.4338 was up 0.03% compared to the 2023 peak of 12.4304, 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 62,169 IRR

2023 Average 60,983 IRR

Yearly Trough Low 60,913 IRR

Transaction Impact: A difference of 1,255.88 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

12.4372

12.1625

JanuMarcMayJulySeptNove

MNT to IRR 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 12.1935, compared to 12.3728 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1793 points.

H1 Avg (Jan–Jun) 12.1935

H2 Avg (Jul–Dec) 12.3728

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.2345 IRR (High: 12.4338 / Low: 12.1993). On the other end, August was the most stable month, with a tight range of 0.0037 IRR (High: 12.3911 / Low: 12.3874).

July Spread (Volatile) ±0.2345

August Spread (Stable) ±0.0037

Growth Streaks & Declines

Trends

Between February and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0027 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0027

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2024: 12.2643) against the same month in 2023 (average: 12.0356), the exchange rate shifted by +0.2287 (+1.90%).

2024 Avg (July) 12.2643

2023 Avg (July) 12.0356

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.2043	12.1848	12.1881
February	12.2043	12.1826	12.1854
March	12.1908	12.1826	12.1859
April	12.2464	12.1841	12.1951
May	12.2464	12.1920	12.2000
June	12.2464	12.1993	12.2066
July	12.4338	12.1993	12.2643
August	12.3911	12.3874	12.3892
September	12.4338	12.3874	12.3911
October	12.4338	12.3860	12.3903
November	12.3911	12.3823	12.3876
December	12.4338	12.3860	12.4143