2024 ZAR to MNT Historical Review

YEARLY HIGH

198.6960 MNT

YEARLY LOW

178.6685 MNT

YEARLY AVERAGE

187.0499 MNT

2024 ZAR to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ZAR to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 198.6960. Conversely, the yearly low was recorded on February 25, dropping to 178.6685.

This high-to-low spread represents a total annual volatility of 20.0275 MNT. From a start-to-finish perspective, comparing the January average rate of 184.0105 to the December average rate of 186.3362, the exchange rate registered a net change of 1.26% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 198.6960 was down 2.34% compared to the 2023 peak of 203.4570, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,934,801 MNT

2023 Average 9,390,023 MNT

Yearly Trough Low 8,933,427 MNT

Transaction Impact: A difference of 1,001,373.56 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

194.5806

180.1934

JanuMarcMayJulySeptNove

ZAR 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 184.3274, compared to 189.7725 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.4451 points.

H1 Avg (Jan–Jun) 184.3274

H2 Avg (Jul–Dec) 189.7725

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 12.1556 MNT (High: 191.9449 / Low: 179.7892). On the other end, October was the most stable month, with a tight range of 4.8088 MNT (High: 195.8033 / Low: 190.9945).

December Spread (Volatile) ±12.1556

October Spread (Stable) ±4.8088

Growth Streaks & Declines

Trends

Between April and July, 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 October and November, when the average rate fell by 4.1378 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -4.1378

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 193.1744) against the same month in 2023 (average: 181.9075), the exchange rate shifted by +11.2669 (+6.19%).

2024 Avg (September) 193.1744

2023 Avg (September) 181.9075

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	188.5478	179.6098	184.0105
February	185.6732	178.6685	181.3924
March	185.8034	180.7525	182.9681
April	186.9746	178.8045	182.7001
May	191.0025	183.5564	187.4107
June	192.3699	181.8976	187.4824
July	192.1583	184.3063	188.3561
August	191.8892	181.4190	188.1426
September	198.6960	189.1870	193.1744
October	195.8033	190.9945	193.3817
November	196.3651	185.8533	189.2439
December	191.9449	179.7892	186.3362