2024 PHP to MNT Historical Review

YEARLY HIGH

62.3357 MNT

YEARLY LOW

57.1717 MNT

YEARLY AVERAGE

59.8416 MNT

2024 PHP to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PHP to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on March 11, valuing the pair at 62.3357. Conversely, the yearly low was recorded on December 18, dropping to 57.1717.

This high-to-low spread represents a total annual volatility of 5.1640 MNT. From a start-to-finish perspective, comparing the January average rate of 61.6514 to the December average rate of 58.1618, the exchange rate registered a net change of -5.66% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 62.3357 was down 3.86% compared to the 2023 peak of 64.8353, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 PHP based on timing:

Yearly Peak High 15,583,922 MNT

2023 Average 15,564,504 MNT

Yearly Trough Low 14,292,925 MNT

Transaction Impact: A difference of 1,290,996.68 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

62.0918

57.5108

JanuMarcMayJulySeptNove

PHP 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 60.6530, compared to 59.0302 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.6228 points.

H1 Avg (Jan–Jun) 60.6530

H2 Avg (Jul–Dec) 59.0302

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 2.3096 MNT (High: 60.3928 / Low: 58.0832). On the other end, June was the most stable month, with a tight range of 0.5416 MNT (High: 59.0652 / Low: 58.5237).

October Spread (Volatile) ±2.3096

June Spread (Stable) ±0.5416

Growth Streaks & Declines

Trends

Between July and September, 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 September and October, when the average rate fell by 1.5138 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.5138

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 61.7101) against the same month in 2023 (average: 62.3197), the exchange rate shifted by -0.6096 (-0.98%).

2024 Avg (March) 61.7101

2023 Avg (March) 62.3197

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	62.2766	61.1648	61.6514
February	61.8357	61.2153	61.5834
March	62.3357	61.1827	61.7101
April	61.3312	59.6401	60.4874
May	60.4590	58.9014	59.7147
June	59.0652	58.5237	58.7708
July	59.2875	57.9483	58.7129
August	60.5192	58.2662	59.6459
September	61.1553	60.1081	60.6409
October	60.3928	58.0832	59.1271
November	58.3298	57.5259	57.8925
December	58.7788	57.1717	58.1618