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2020 BBD to TRY Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the BBD to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on November 6, valuing the pair at 4.2625. Conversely, the yearly low was recorded on January 16, dropping to 2.9280.
This high-to-low spread represents a total annual volatility of 1.3345 TRY. From a start-to-finish perspective, comparing the January average rate of 2.9625 to the December average rate of 3.8514, the exchange rate registered a net change of 30.00% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 4.2625 was up 38.36% compared to the 2019 peak of 3.0808, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BBD based on timing:
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BBD to TRY Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: JanâJun) was 3.2444, compared to 3.7765 in the second half (H2: JulâDec). This shows that the rate was stronger in the second half (JulâDec) by a margin of 0.5321 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was November, with a trading range of 0.4903 TRY (High: 4.2625 / Low: 3.7722). On the other end, January was the most stable month, with a tight range of 0.0630 TRY (High: 2.9910 / Low: 2.9280).
Growth Streaks & Declines
TrendsBetween June and November, 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 0.1317 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2020: 3.9830) against the same month in 2019 (average: 2.8701), the exchange rate shifted by +1.1129 (+38.78%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 2.9910 | 2.9280 | 2.9625 |
| February | 3.1214 | 2.9894 | 3.0333 |
| March | 3.3077 | 3.0404 | 3.1735 |
| April | 3.4953 | 3.3173 | 3.4255 |
| May | 3.5999 | 3.3673 | 3.4625 |
| June | 3.4284 | 3.3531 | 3.4089 |
| July | 3.4883 | 3.4150 | 3.4356 |
| August | 3.6997 | 3.4657 | 3.6395 |
| September | 3.9100 | 3.6854 | 3.7744 |
| October | 4.1734 | 3.8781 | 3.9750 |
| November | 4.2625 | 3.7722 | 3.9830 |
| December | 3.9454 | 3.6906 | 3.8514 |