YEARLY HIGH
7.5200 MNT
YEARLY LOW
6.8832 MNT
YEARLY AVERAGE
7.0769 MNT

2021 NGN to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on March 27, valuing the pair at 7.5200. Conversely, the yearly low was recorded on September 27, dropping to 6.8832.

This high-to-low spread represents a total annual volatility of 0.6369 MNT. From a start-to-finish perspective, comparing the January average rate of 7.3600 to the December average rate of 6.9516, the exchange rate registered a net change of -5.55% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 7.5200 was down 0.87% compared to the 2020 peak of 7.5860, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 7,520,027 MNT
2020 Average 7,386,720 MNT
Yearly Trough Low 6,883,172 MNT
Transaction Impact: A difference of 636,855.09 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

7.4056
6.8587
JanuMarcMayJulySeptNove

NGN 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 7.2204, compared to 6.9334 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2870 points.

H1 Avg (Jan–Jun) 7.2204
H2 Avg (Jul–Dec) 6.9334

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.5994 MNT (High: 7.5024 / Low: 6.9030). On the other end, July was the most stable month, with a tight range of 0.0358 MNT (High: 6.9556 / Low: 6.9198).

May Spread (Volatile) ±0.5994
July Spread (Stable) ±0.0358

Growth Streaks & Declines

Trends

Between September and December, 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 April and May, when the average rate fell by 0.2469 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.2469

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2021: 7.3523) against the same month in 2020 (average: 7.4456), the exchange rate shifted by -0.0934 (-1.25%).

2021 Avg (March) 7.3523
2020 Avg (March) 7.4456

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 7.5043 7.1908 7.3600
February 7.5127 6.9215 7.3209
March 7.5200 6.9300 7.3523
April 7.5121 6.9358 7.3066
May 7.5024 6.9030 7.0597
June 6.9434 6.8966 6.9230
July 6.9556 6.9198 6.9304
August 6.9511 6.9040 6.9297
September 6.9233 6.8832 6.9042
October 6.9508 6.9005 6.9344
November 6.9734 6.9171 6.9499
December 6.9788 6.9087 6.9516