2024 AFN to TRY Historical Review

YEARLY HIGH

0.5254 TRY

YEARLY LOW

0.4053 TRY

YEARLY AVERAGE

0.4671 TRY

2024 AFN to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the AFN to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on October 17, valuing the pair at 0.5254. Conversely, the yearly low was recorded on February 3, dropping to 0.4053.

This high-to-low spread represents a total annual volatility of 0.1201 TRY. From a start-to-finish perspective, comparing the January average rate of 0.4207 to the December average rate of 0.5043, the exchange rate registered a net change of 19.85% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5254 was up 24.95% compared to the 2023 peak of 0.4205, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,627 TRY

2023 Average 1,469 TRY

Yearly Trough Low 2,027 TRY

Transaction Impact: A difference of 600.36 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5198

0.4117

JanuMarcMayJulySeptNove

AFN to TRY 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 0.4416, compared to 0.4926 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0511 points.

H1 Avg (Jan–Jun) 0.4416

H2 Avg (Jul–Dec) 0.4926

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 0.0276 TRY (High: 0.5254 / Low: 0.4978). On the other end, April was the most stable month, with a tight range of 0.0095 TRY (High: 0.4561 / Low: 0.4466).

October Spread (Volatile) ±0.0276

April Spread (Stable) ±0.0095

Growth Streaks & Declines

Trends

Between May and October, 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 November and December, when the average rate fell by 0.0050 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0050

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 0.5108) against the same month in 2023 (average: 0.3694), the exchange rate shifted by +0.1415 (+38.31%).

2024 Avg (October) 0.5108

2023 Avg (October) 0.3694

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4299	0.4085	0.4207
February	0.4312	0.4053	0.4211
March	0.4548	0.4330	0.4442
April	0.4561	0.4466	0.4508
May	0.4574	0.4464	0.4502
June	0.4683	0.4496	0.4622
July	0.4718	0.4586	0.4653
August	0.4832	0.4673	0.4760
September	0.5024	0.4789	0.4902
October	0.5254	0.4978	0.5108
November	0.5177	0.5024	0.5093
December	0.5152	0.4979	0.5043