2024 NZD to MNT Historical Review

YEARLY HIGH

2178.4250 MNT

YEARLY LOW

1900.5867 MNT

YEARLY AVERAGE

2073.5202 MNT

2024 NZD to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NZD to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 2178.4250. Conversely, the yearly low was recorded on December 31, dropping to 1900.5867.

This high-to-low spread represents a total annual volatility of 277.8383 MNT. From a start-to-finish perspective, comparing the January average rate of 2130.1878 to the December average rate of 1949.9098, the exchange rate registered a net change of -8.46% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2178.4250 was down 3.15% compared to the 2023 peak of 2249.1875, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 NZD based on timing:

Yearly Peak High 10,892,125 MNT

2023 Average 10,631,774 MNT

Yearly Trough Low 9,502,933 MNT

Transaction Impact: A difference of 1,389,191.64 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2148.2156

1931.8820

JanuMarcMayJulySeptNove

NZD to MNT 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 2100.8124, compared to 2046.2280 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 54.5843 points.

H1 Avg (Jan–Jun) 2100.8124

H2 Avg (Jul–Dec) 2046.2280

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 121.7235 MNT (High: 2118.6441 / Low: 1996.9206). On the other end, June was the most stable month, with a tight range of 40.0712 MNT (High: 2137.7756 / Low: 2097.7044).

July Spread (Volatile) ±121.7235

June Spread (Stable) ±40.0712

Growth Streaks & Declines

Trends

Between April and June, 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 November and December, when the average rate fell by 57.5461 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -57.5461

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 2130.1878) against the same month in 2023 (average: 2182.4310), the exchange rate shifted by -52.2432 (-2.39%).

2024 Avg (January) 2130.1878

2023 Avg (January) 2182.4310

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2178.4250	2095.3156	2130.1878
February	2138.6542	2088.1932	2114.2252
March	2131.9419	2058.6150	2096.0087
April	2092.5286	2027.7371	2053.9664
May	2122.1575	2046.9153	2094.2809
June	2137.7756	2097.7044	2116.2051
July	2118.6441	1996.9206	2071.4714
August	2128.0820	2016.9679	2068.0941
September	2158.4635	2083.7383	2115.7532
October	2134.2827	2028.3685	2064.6839
November	2046.1399	1974.2706	2007.4558
December	2006.9612	1900.5867	1949.9098