2024 MXN to MNT Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MXN to MNT Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MXN to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on April 8, valuing the pair at 211.2979. Conversely, the yearly low was recorded on December 31, dropping to 162.8251.
This high-to-low spread represents a total annual volatility of 48.4728 MNT. From a start-to-finish perspective, comparing the January average rate of 202.2709 to the December average rate of 167.7861, the exchange rate registered a net change of -17.05% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 211.2979 was up 0.36% compared to the 2023 peak of 210.5401, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 MXN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MXN to MNT Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 201.7258, compared to 174.7210 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 27.0048 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 19.3378 MNT (High: 203.2389 / Low: 183.9011). On the other end, February was the most stable month, with a tight range of 1.9040 MNT (High: 202.4280 / Low: 200.5240).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 15.5985 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2024: 205.2771) against the same month in 2023 (average: 194.7707), the exchange rate shifted by +10.5065 (+5.39%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 204.9150 | 199.3123 | 202.2709 |
| February | 202.4280 | 200.5240 | 201.8699 |
| March | 208.3528 | 202.7515 | 205.7551 |
| April | 211.2979 | 200.5272 | 205.2771 |
| May | 208.3907 | 202.6467 | 205.3901 |
| June | 203.2389 | 183.9011 | 189.7916 |
| July | 195.7913 | 181.0230 | 189.7072 |
| August | 182.4060 | 171.1977 | 177.4683 |
| September | 177.6847 | 169.0988 | 173.4207 |
| October | 176.2668 | 168.5006 | 172.7278 |
| November | 171.5639 | 164.4107 | 167.2159 |
| December | 169.3319 | 162.8251 | 167.7861 |