2024 PEN to MNT Historical Review

YEARLY HIGH

939.8074 MNT

YEARLY LOW

889.3158 MNT

YEARLY AVERAGE

913.2163 MNT

2024 PEN to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PEN to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on April 8, valuing the pair at 939.8074. Conversely, the yearly low was recorded on February 14, dropping to 889.3158.

This high-to-low spread represents a total annual volatility of 50.4916 MNT. From a start-to-finish perspective, comparing the January average rate of 924.6907 to the December average rate of 910.5914, the exchange rate registered a net change of -1.52% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 939.8074 was down 4.97% compared to the 2023 peak of 988.9348, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,699,037 MNT

2023 Average 4,631,455 MNT

Yearly Trough Low 4,446,579 MNT

Transaction Impact: A difference of 252,458.10 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

931.7412

895.7584

JanuMarcMayJulySeptNove

PEN 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 919.9624, compared to 906.4702 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 13.4922 points.

H1 Avg (Jan–Jun) 919.9624

H2 Avg (Jul–Dec) 906.4702

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 31.7642 MNT (High: 929.0677 / Low: 897.3035). On the other end, August was the most stable month, with a tight range of 11.4939 MNT (High: 916.1689 / Low: 904.6750).

July Spread (Volatile) ±31.7642

August Spread (Stable) ±11.4939

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 23.5562 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -23.5562

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 928.5527) against the same month in 2023 (average: 936.6745), the exchange rate shifted by -8.1219 (-0.87%).

2024 Avg (April) 928.5527

2023 Avg (April) 936.6745

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	934.9330	904.6905	924.6907
February	912.4399	889.3158	901.1345
March	939.7150	911.5409	928.7427
April	939.8074	916.1106	928.5527
May	935.6308	916.5952	924.6365
June	924.9580	899.6276	912.0174
July	929.0677	897.3035	912.2269
August	916.1689	904.6750	909.7891
September	914.3766	890.0708	901.5078
October	916.7960	900.4454	905.9489
November	908.9363	892.4043	898.7569
December	916.1939	904.2900	910.5914