2024 SRD to MNT Historical Review

YEARLY HIGH

118.5294 MNT

YEARLY LOW

93.3694 MNT

YEARLY AVERAGE

104.0606 MNT

2024 SRD to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SRD to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on August 13, valuing the pair at 118.5294. Conversely, the yearly low was recorded on January 18, dropping to 93.3694.

This high-to-low spread represents a total annual volatility of 25.1600 MNT. From a start-to-finish perspective, comparing the January average rate of 94.0359 to the December average rate of 96.4849, the exchange rate registered a net change of 2.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 118.5294 was up 9.79% compared to the 2023 peak of 107.9606, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 592,647 MNT

2023 Average 474,398 MNT

Yearly Trough Low 466,847 MNT

Transaction Impact: A difference of 125,799.76 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

120.3968

91.6395

JanuMarcMayJulySeptNove

SRD 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 100.4907, compared to 107.6305 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 7.1397 points.

H1 Avg (Jan–Jun) 100.4907

H2 Avg (Jul–Dec) 107.6305

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 11.8245 MNT (High: 110.6985 / Low: 98.8739). On the other end, August was the most stable month, with a tight range of 0.9413 MNT (High: 118.5294 / Low: 117.5880).

October Spread (Volatile) ±11.8245

August Spread (Stable) ±0.9413

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 9.8281 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -9.8281

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 118.0003) against the same month in 2023 (average: 90.1432), the exchange rate shifted by +27.8572 (+30.90%).

2024 Avg (August) 118.0003

2023 Avg (August) 90.1432

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	94.7802	93.3694	94.0359
February	97.7254	93.9299	95.4425
March	98.9872	97.2242	97.9284
April	102.0303	98.3130	99.6793
May	107.3579	102.0303	105.7987
June	112.6604	107.0282	110.0596
July	117.7673	111.8731	115.6577
August	118.5294	117.5880	118.0003
September	117.6389	110.6822	114.4451
October	110.6985	98.8739	104.6170
November	98.8739	95.6146	96.5776
December	96.9251	95.9751	96.4849