2024 TOP to MNT Historical Review

YEARLY HIGH

1480.2845 MNT

YEARLY LOW

1413.6775 MNT

YEARLY AVERAGE

1446.7243 MNT

2024 TOP to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TOP to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 1480.2845. Conversely, the yearly low was recorded on November 27, dropping to 1413.6775.

This high-to-low spread represents a total annual volatility of 66.6071 MNT. From a start-to-finish perspective, comparing the January average rate of 1464.6945 to the December average rate of 1419.0676, the exchange rate registered a net change of -3.12% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1480.2845 was down 2.36% compared to the 2023 peak of 1516.0406, 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 7,401,423 MNT

2023 Average 7,328,868 MNT

Yearly Trough Low 7,068,387 MNT

Transaction Impact: A difference of 333,035.33 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1469.2572

1414.5049

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 1457.4459, compared to 1436.0027 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 21.4432 points.

H1 Avg (Jan–Jun) 1457.4459

H2 Avg (Jul–Dec) 1436.0027

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 41.1189 MNT (High: 1465.4292 / Low: 1424.3104). On the other end, December was the most stable month, with a tight range of 0.0000 MNT (High: 1419.0676 / Low: 1419.0676).

July Spread (Volatile) ±41.1189

December Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 17.1599 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -17.1599

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 1464.6945) against the same month in 2023 (average: 1462.5464), the exchange rate shifted by +2.1481 (+0.15%).

2024 Avg (January) 1464.6945

2023 Avg (January) 1462.5464

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1480.2845	1456.1158	1464.6945
February	1462.3236	1440.6707	1457.0611
March	1464.4017	1449.2145	1456.6911
April	1456.9811	1428.6886	1447.0108
May	1463.7114	1444.5615	1456.7821
June	1466.4608	1459.2242	1462.4358
July	1465.4292	1424.3104	1450.9708
August	1453.2086	1426.0271	1437.3214
September	1456.1817	1442.7466	1449.1410
October	1456.1817	1425.4671	1438.3376
November	1427.8211	1413.6775	1421.1777
December	1419.0676	1419.0676	1419.0676