2024 NPR to MNT Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NPR to MNT Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NPR to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on March 7, valuing the pair at 26.1778. Conversely, the yearly low was recorded on December 29, dropping to 24.7941.
This high-to-low spread represents a total annual volatility of 1.3837 MNT. From a start-to-finish perspective, comparing the January average rate of 25.9481 to the December average rate of 25.0063, the exchange rate registered a net change of -3.63% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 26.1778 was down 3.92% compared to the 2023 peak of 27.2446, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NPR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
NPR 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 25.9139, compared to 25.2998 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6141 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was July, with a trading range of 0.5343 MNT (High: 25.8896 / Low: 25.3553). On the other end, October was the most stable month, with a tight range of 0.1528 MNT (High: 25.3585 / Low: 25.2057).
Growth Streaks & Declines
TrendsBetween January and March, 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 July and August, when the average rate fell by 0.3399 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2024: 25.9853) against the same month in 2023 (average: 25.9297), the exchange rate shifted by +0.0556 (+0.21%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 26.0456 | 25.6618 | 25.9481 |
| February | 26.0597 | 25.7762 | 25.9766 |
| March | 26.1778 | 25.8470 | 25.9853 |
| April | 25.9540 | 25.8004 | 25.8710 |
| May | 26.0140 | 25.6953 | 25.8674 |
| June | 25.9528 | 25.6760 | 25.8350 |
| July | 25.8896 | 25.3553 | 25.6770 |
| August | 25.5940 | 25.2616 | 25.3371 |
| September | 25.4497 | 25.2496 | 25.3378 |
| October | 25.3585 | 25.2057 | 25.2597 |
| November | 25.2833 | 25.0319 | 25.1808 |
| December | 25.1554 | 24.7941 | 25.0063 |