2020 TOP to MNT Historical Review

YEARLY HIGH

1266.0841 MNT

YEARLY LOW

1149.8398 MNT

YEARLY AVERAGE

1220.2450 MNT

2020 TOP to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the TOP to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on September 3, valuing the pair at 1266.0841. Conversely, the yearly low was recorded on March 20, dropping to 1149.8398.

This high-to-low spread represents a total annual volatility of 116.2443 MNT. From a start-to-finish perspective, comparing the January average rate of 1176.9550 to the December average rate of 1249.2092, the exchange rate registered a net change of 6.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 1266.0841 was up 6.78% compared to the 2019 peak of 1185.6961, 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 6,330,421 MNT

2019 Average 5,616,367 MNT

Yearly Trough Low 5,749,199 MNT

Transaction Impact: A difference of 581,221.54 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

1259.8642

1167.2690

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 1196.5947, compared to 1243.8953 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 47.3007 points.

H1 Avg (Jan–Jun) 1196.5947

H2 Avg (Jul–Dec) 1243.8953

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 44.8284 MNT (High: 1194.6682 / Low: 1149.8398). On the other end, December was the most stable month, with a tight range of 11.2717 MNT (High: 1256.8137 / Low: 1245.5420).

March Spread (Volatile) ±44.8284

December Spread (Stable) ±11.2717

Growth Streaks & Declines

Trends

Between March and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 20.3674 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -20.3674

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2020: 1252.1480) against the same month in 2019 (average: 1148.9942), the exchange rate shifted by +103.1537 (+8.98%).

2020 Avg (September) 1252.1480

2019 Avg (September) 1148.9942

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1183.4541	1167.5685	1176.9550
February	1191.9217	1167.5013	1185.6978
March	1194.6682	1149.8398	1174.9853
April	1209.3359	1176.2844	1191.6324
May	1225.2461	1199.7047	1210.9416
June	1249.9407	1225.1366	1239.3558
July	1253.5635	1234.2810	1243.8618
August	1258.2829	1244.4633	1248.9836
September	1266.0841	1232.8390	1252.1480
October	1241.2331	1221.5300	1231.7805
November	1248.2226	1222.8150	1237.3890
December	1256.8137	1245.5420	1249.2092