2024 MNT to ZAR Historical Review

YEARLY HIGH

0.0056 ZAR

YEARLY LOW

0.0050 ZAR

YEARLY AVERAGE

0.0053 ZAR

2024 MNT to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MNT to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 25, valuing the pair at 0.0056. Conversely, the yearly low was recorded on September 29, dropping to 0.0050.

This high-to-low spread represents a total annual volatility of 0.0006 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.0054 to the December average rate of 0.0054, the exchange rate registered a net change of -1.22% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0056 was down 1.04% compared to the 2023 peak of 0.0057, 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 28 ZAR

2023 Average 27 ZAR

Yearly Trough Low 25 ZAR

Transaction Impact: A difference of 2.82 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0055

0.0051

JanuMarcMayJulySeptNove

MNT to ZAR 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 0.0054, compared to 0.0053 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0054

H2 Avg (Jul–Dec) 0.0053

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.0004 ZAR (High: 0.0056 / Low: 0.0052). On the other end, October was the most stable month, with a tight range of 0.0001 ZAR (High: 0.0052 / Low: 0.0051).

December Spread (Volatile) ±0.0004

October Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between October and December, 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 August and September, when the average rate fell by 0.0001 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.0055) against the same month in 2023 (average: 0.0053), the exchange rate shifted by +0.0003 (+4.79%).

2024 Avg (February) 0.0055

2023 Avg (February) 0.0053

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0056	0.0053	0.0054
February	0.0056	0.0054	0.0055
March	0.0055	0.0054	0.0055
April	0.0056	0.0053	0.0055
May	0.0054	0.0052	0.0053
June	0.0055	0.0052	0.0053
July	0.0054	0.0052	0.0053
August	0.0055	0.0052	0.0053
September	0.0053	0.0050	0.0052
October	0.0052	0.0051	0.0052
November	0.0054	0.0051	0.0053
December	0.0056	0.0052	0.0054