2018 TOP to MNT Historical Review

YEARLY HIGH

1115.0773 MNT

YEARLY LOW

947.9413 MNT

YEARLY AVERAGE

1069.7775 MNT

2018 TOP to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the TOP to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 1115.0773. Conversely, the yearly low was recorded on June 12, dropping to 947.9413.

This high-to-low spread represents a total annual volatility of 167.1359 MNT. From a start-to-finish perspective, comparing the January average rate of 1078.1303 to the December average rate of 1082.2562, the exchange rate registered a net change of 0.38% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 1115.0773 was down 0.33% compared to the 2017 peak of 1118.7811, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,575,386 MNT

2017 Average 5,374,881 MNT

Yearly Trough Low 4,739,707 MNT

Transaction Impact: A difference of 835,679.67 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

1090.2381

1044.2445

JanuMarcMayJulySeptNove

TOP 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 1070.2355, compared to 1069.3194 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.9162 points.

H1 Avg (Jan–Jun) 1070.2355

H2 Avg (Jul–Dec) 1069.3194

Volatility Range Comparison

Volatility

The most volatile month in 2018 was June, with a trading range of 115.4254 MNT (High: 1063.3667 / Low: 947.9413). On the other end, September was the most stable month, with a tight range of 0.0000 MNT (High: 1056.9688 / Low: 1056.9688).

June Spread (Volatile) ±115.4254

September Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between June and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 14.7737 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -14.7737

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2018: 1082.2562) against the same month in 2017 (average: 1062.6386), the exchange rate shifted by +19.6176 (+1.85%).

2018 Avg (December) 1082.2562

2017 Avg (December) 1062.6386

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1092.0845	1066.9296	1078.1303
February	1097.0282	1072.7920	1084.1537
March	1083.0497	1069.4084	1076.0414
April	1083.3513	1061.8209	1074.8922
May	1081.6676	1043.7040	1060.1185
June	1063.3667	947.9413	1048.0773
July	1059.9380	1045.4639	1054.5102
August	1056.9688	1055.9590	1056.9363
September	1056.9688	1056.9688	1056.9688
October	1083.1779	1056.9688	1078.8393
November	1094.7846	1080.8188	1086.4053
December	1115.0773	1069.8364	1082.2562