2024 MNT to KRW Historical Review

YEARLY HIGH

0.4351 KRW

YEARLY LOW

0.3712 KRW

YEARLY AVERAGE

0.3980 KRW

2024 MNT to KRW Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MNT to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.4351. Conversely, the yearly low was recorded on January 1, dropping to 0.3712.

This high-to-low spread represents a total annual volatility of 0.0639 KRW. From a start-to-finish perspective, comparing the January average rate of 0.3840 to the December average rate of 0.4240, the exchange rate registered a net change of 10.43% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.4351 was up 10.36% compared to the 2023 peak of 0.3942, 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 2,175 KRW

2023 Average 1,887 KRW

Yearly Trough Low 1,856 KRW

Transaction Impact: A difference of 319.30 KRW purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.4280

0.3800

JanuMarcMayJulySeptNove

MNT to KRW 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 0.3915, compared to 0.4045 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0129 points.

H1 Avg (Jan–Jun) 0.3915

H2 Avg (Jul–Dec) 0.4045

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.0244 KRW (High: 0.4351 / Low: 0.4107). On the other end, February was the most stable month, with a tight range of 0.0049 KRW (High: 0.3888 / Low: 0.3839).

December Spread (Volatile) ±0.0244

February Spread (Stable) ±0.0049

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 August and September, when the average rate fell by 0.0059 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0059

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.4240) against the same month in 2023 (average: 0.3772), the exchange rate shifted by +0.0468 (+12.40%).

2024 Avg (December) 0.4240

2023 Avg (December) 0.3772

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3899	0.3712	0.3840
February	0.3888	0.3839	0.3862
March	0.3915	0.3801	0.3862
April	0.4034	0.3900	0.3971
May	0.4009	0.3905	0.3953
June	0.4041	0.3958	0.4004
July	0.4084	0.3978	0.4027
August	0.4051	0.3899	0.3973
September	0.3956	0.3856	0.3914
October	0.4088	0.3900	0.4008
November	0.4145	0.4044	0.4105
December	0.4351	0.4107	0.4240