2024 SOS to MNT Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SOS to MNT Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SOS to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on May 18, valuing the pair at 6.0687. Conversely, the yearly low was recorded on November 9, dropping to 5.9125.
This high-to-low spread represents a total annual volatility of 0.1562 MNT. From a start-to-finish perspective, comparing the January average rate of 6.0394 to the December average rate of 5.9475, 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 6.0687 was down 2.74% compared to the 2023 peak of 6.2395, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SOS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SOS 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 6.0385, compared to 5.9582 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0803 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was July, with a trading range of 0.1100 MNT (High: 6.0539 / Low: 5.9439). On the other end, October was the most stable month, with a tight range of 0.0293 MNT (High: 5.9510 / Low: 5.9217).
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 0.0547 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2024: 6.0413) against the same month in 2023 (average: 6.1892), the exchange rate shifted by -0.1478 (-2.39%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 6.0607 | 6.0201 | 6.0394 |
| February | 6.0492 | 5.9820 | 6.0344 |
| March | 6.0642 | 6.0207 | 6.0390 |
| April | 6.0536 | 6.0219 | 6.0386 |
| May | 6.0687 | 6.0253 | 6.0413 |
| June | 6.0510 | 5.9972 | 6.0380 |
| July | 6.0539 | 5.9439 | 6.0106 |
| August | 6.0002 | 5.9257 | 5.9559 |
| September | 5.9604 | 5.9155 | 5.9462 |
| October | 5.9510 | 5.9217 | 5.9444 |
| November | 5.9565 | 5.9125 | 5.9443 |
| December | 5.9695 | 5.9372 | 5.9475 |