2024 BAM to TRY Historical Review

YEARLY HIGH

19.5769 TRY

YEARLY LOW

16.6382 TRY

YEARLY AVERAGE

18.1943 TRY

2024 BAM to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BAM to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on September 30, valuing the pair at 19.5769. Conversely, the yearly low was recorded on January 5, dropping to 16.6382.

This high-to-low spread represents a total annual volatility of 2.9387 TRY. From a start-to-finish perspective, comparing the January average rate of 16.7929 to the December average rate of 18.7561, the exchange rate registered a net change of 11.69% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 19.5769 was up 17.09% compared to the 2023 peak of 16.7198, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 97,885 TRY

2023 Average 65,911 TRY

Yearly Trough Low 83,191 TRY

Transaction Impact: A difference of 14,693.48 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

19.6100

16.5368

JanuMarcMayJulySeptNove

BAM 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 17.5252, compared to 18.8633 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.3381 points.

H1 Avg (Jan–Jun) 17.5252

H2 Avg (Jul–Dec) 18.8633

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 1.1936 TRY (High: 19.4995 / Low: 18.3059). On the other end, December was the most stable month, with a tight range of 0.2382 TRY (High: 18.8868 / Low: 18.6486).

August Spread (Volatile) ±1.1936

December Spread (Stable) ±0.2382

Growth Streaks & Declines

Trends

Between April and September, 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 October and November, when the average rate fell by 0.3491 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.3491

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 19.3539) against the same month in 2023 (average: 14.7696), the exchange rate shifted by +4.5843 (+31.04%).

2024 Avg (September) 19.3539

2023 Avg (September) 14.7696

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	16.8771	16.6382	16.7929
February	17.3289	16.7764	17.0097
March	18.0098	17.3711	17.8177
April	17.9275	17.6117	17.7595
May	17.9600	17.7176	17.8311
June	18.1366	17.7510	17.9404
July	18.5071	17.8402	18.2658
August	19.4995	18.3059	18.9718
September	19.5769	19.1409	19.3539
October	19.3972	18.8906	19.0907
November	19.1581	18.3967	18.7416
December	18.8868	18.6486	18.7561