YEARLY HIGH
1.9688 MNT
YEARLY LOW
1.9396 MNT
YEARLY AVERAGE
1.9529 MNT

2021 IQD to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the IQD to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on May 8, valuing the pair at 1.9688. Conversely, the yearly low was recorded on May 10, dropping to 1.9396.

This high-to-low spread represents a total annual volatility of 0.0292 MNT. From a start-to-finish perspective, comparing the January average rate of 1.9519 to the December average rate of 1.9578, the exchange rate registered a net change of 0.30% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.9688 was down 18.49% compared to the 2020 peak of 2.4153, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,844 MNT
2020 Average 11,735 MNT
Yearly Trough Low 9,698 MNT
Transaction Impact: A difference of 146.02 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.9589
1.9455
JanuMarcMayJulySeptNove

IQD 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 1.9522, compared to 1.9536 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 1.9522
H2 Avg (Jul–Dec) 1.9536

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.0292 MNT (High: 1.9688 / Low: 1.9396). On the other end, October was the most stable month, with a tight range of 0.0050 MNT (High: 1.9549 / Low: 1.9498).

May Spread (Volatile) ±0.0292
October Spread (Stable) ±0.0050

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 August and September, when the average rate fell by 0.0075 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0075

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2021: 1.9520) against the same month in 2020 (average: 2.3479), the exchange rate shifted by -0.3960 (-16.86%).

2021 Avg (May) 1.9520
2020 Avg (May) 2.3479

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.9571 1.9429 1.9519
February 1.9556 1.9502 1.9532
March 1.9588 1.9451 1.9520
April 1.9605 1.9489 1.9540
May 1.9688 1.9396 1.9520
June 1.9532 1.9481 1.9503
July 1.9603 1.9501 1.9535
August 1.9605 1.9464 1.9541
September 1.9503 1.9437 1.9466
October 1.9549 1.9498 1.9527
November 1.9609 1.9534 1.9571
December 1.9645 1.9455 1.9578