2024 AZN to TRY Historical Review

YEARLY HIGH

20.8033 TRY

YEARLY LOW

17.3827 TRY

YEARLY AVERAGE

19.3427 TRY

2024 AZN to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the AZN to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 20.8033. Conversely, the yearly low was recorded on January 1, dropping to 17.3827.

This high-to-low spread represents a total annual volatility of 3.4207 TRY. From a start-to-finish perspective, comparing the January average rate of 17.6979 to the December average rate of 20.5903, the exchange rate registered a net change of 16.34% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 20.8033 was up 19.65% compared to the 2023 peak of 17.3866, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 104,017 TRY

2023 Average 70,067 TRY

Yearly Trough Low 86,913 TRY

Transaction Impact: A difference of 17,103.32 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

20.8795

17.4087

JanuMarcMayJulySeptNove

AZN 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 18.6442, compared to 20.0413 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.3971 points.

H1 Avg (Jan–Jun) 18.6442

H2 Avg (Jul–Dec) 20.0413

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.6332 TRY (High: 19.0979 / Low: 18.4646). On the other end, October was the most stable month, with a tight range of 0.0777 TRY (High: 20.1781 / Low: 20.1004).

March Spread (Volatile) ±0.6332

October Spread (Stable) ±0.0777

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0504 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0504

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 20.5903) against the same month in 2023 (average: 17.1179), the exchange rate shifted by +3.4724 (+20.28%).

2024 Avg (December) 20.5903

2023 Avg (December) 17.1179

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	17.8614	17.3827	17.6979
February	18.4094	17.9107	18.1223
March	19.0979	18.4646	18.8537
April	19.1912	18.7944	19.0324
May	19.1036	18.8896	18.9820
June	19.3838	18.9315	19.1768
July	19.5182	19.1501	19.3657
August	20.0849	19.5114	19.8242
September	20.1231	19.9508	20.0388
October	20.1781	20.1004	20.1535
November	20.4044	20.1211	20.2751
December	20.8033	20.4196	20.5903