2024 SGD to MNT Historical Review

YEARLY HIGH

2654.8949 MNT

YEARLY LOW

2485.9843 MNT

YEARLY AVERAGE

2564.5253 MNT

2024 SGD to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SGD to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 2654.8949. Conversely, the yearly low was recorded on December 31, dropping to 2485.9843.

This high-to-low spread represents a total annual volatility of 168.9106 MNT. From a start-to-finish perspective, comparing the January average rate of 2582.6607 to the December average rate of 2515.1169, the exchange rate registered a net change of -2.62% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2654.8949 was down 0.35% compared to the 2023 peak of 2664.0927, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 13,274,475 MNT

2023 Average 12,891,269 MNT

Yearly Trough Low 12,429,922 MNT

Transaction Impact: A difference of 844,552.92 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2633.5227

2504.3527

JanuMarcMayJulySeptNove

SGD 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 2561.0433, compared to 2568.0072 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.9639 points.

H1 Avg (Jan–Jun) 2561.0433

H2 Avg (Jul–Dec) 2568.0072

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 70.5127 MNT (High: 2637.6663 / Low: 2567.1536). On the other end, June was the most stable month, with a tight range of 25.3532 MNT (High: 2564.1788 / Low: 2538.8256).

October Spread (Volatile) ±70.5127

June Spread (Stable) ±25.3532

Growth Streaks & Declines

Trends

Between June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 49.7089 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -49.7089

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 2622.7585) against the same month in 2023 (average: 2530.5252), the exchange rate shifted by +92.2333 (+3.64%).

2024 Avg (September) 2622.7585

2023 Avg (September) 2530.5252

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2613.8938	2566.3151	2582.6607
February	2580.9830	2553.4957	2564.8718
March	2593.4000	2555.4647	2572.0976
April	2565.4468	2526.8894	2541.7524
May	2567.6272	2535.7840	2554.0565
June	2564.1788	2538.8256	2550.8209
July	2575.0112	2524.5527	2551.1813
August	2612.1523	2541.9101	2583.2076
September	2654.8949	2599.5546	2622.7585
October	2637.6663	2567.1536	2592.7439
November	2586.8139	2519.2839	2543.0350
December	2538.6854	2485.9843	2515.1169