2024 TRY to MNT Historical Review

YEARLY HIGH

116.7492 MNT

YEARLY LOW

96.0819 MNT

YEARLY AVERAGE

104.4443 MNT

2024 TRY to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 116.7492. Conversely, the yearly low was recorded on December 31, dropping to 96.0819.

This high-to-low spread represents a total annual volatility of 20.6673 MNT. From a start-to-finish perspective, comparing the January average rate of 114.6522 to the December average rate of 97.0790, the exchange rate registered a net change of -15.33% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 116.7492 was down 36.37% compared to the 2023 peak of 183.4896, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 5,837,462 MNT

2023 Average 7,498,091 MNT

Yearly Trough Low 4,804,097 MNT

Transaction Impact: A difference of 1,033,364.34 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

116.4095

95.3217

JanuMarcMayJulySeptNove

TRY 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 108.9357, compared to 99.9529 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 8.9827 points.

H1 Avg (Jan–Jun) 108.9357

H2 Avg (Jul–Dec) 99.9529

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 3.6443 MNT (High: 109.9080 / Low: 106.2637). On the other end, October was the most stable month, with a tight range of 0.3830 MNT (High: 99.4419 / Low: 99.0590).

March Spread (Volatile) ±3.6443

October Spread (Stable) ±0.3830

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 4.3742 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -4.3742

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 114.6522) against the same month in 2023 (average: 181.4058), the exchange rate shifted by -66.7536 (-36.80%).

2024 Avg (January) 114.6522

2023 Avg (January) 181.4058

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	116.7492	113.6199	114.6522
February	113.3072	110.2377	111.9904
March	109.9080	106.2637	107.6162
April	107.9799	105.7469	106.6103
May	107.4351	106.2320	106.9128
June	107.1978	104.6962	105.8321
July	105.9739	102.4080	104.2891
August	102.4441	99.5185	100.8349
September	100.1875	99.3299	99.7483
October	99.4419	99.0590	99.1798
November	99.3396	97.9602	98.5865
December	97.8876	96.0819	97.0790