2024 QAR to MNT Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 QAR to MNT Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the QAR to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on May 18, valuing the pair at 950.9581. Conversely, the yearly low was recorded on October 5, dropping to 928.1371.
This high-to-low spread represents a total annual volatility of 22.8210 MNT. From a start-to-finish perspective, comparing the January average rate of 946.9747 to the December average rate of 932.7952, the exchange rate registered a net change of -1.50% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 950.9581 was down 2.74% compared to the 2023 peak of 977.7635, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 QAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
QAR 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 947.0114, compared to 934.4538 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 12.5576 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was July, with a trading range of 17.2746 MNT (High: 948.0384 / Low: 930.7638). On the other end, September was the most stable month, with a tight range of 2.3631 MNT (High: 933.5042 / Low: 931.1411).
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 July and August, when the average rate fell by 8.3108 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2024: 946.9739) against the same month in 2023 (average: 966.4562), the exchange rate shifted by -19.4823 (-2.02%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 947.8735 | 943.5688 | 946.9747 |
| February | 947.6720 | 936.8450 | 946.8565 |
| March | 949.7421 | 945.2399 | 947.3590 |
| April | 948.3613 | 943.8396 | 947.1243 |
| May | 950.9581 | 943.7735 | 946.9739 |
| June | 948.2769 | 939.6100 | 946.7803 |
| July | 948.0384 | 930.7638 | 942.1828 |
| August | 940.3349 | 930.9306 | 933.8720 |
| September | 933.5042 | 931.1411 | 932.8004 |
| October | 933.3883 | 928.1371 | 932.2358 |
| November | 933.9601 | 929.3190 | 932.8366 |
| December | 935.8559 | 930.7348 | 932.7952 |