YEARLY HIGH
0.1696 TRY
YEARLY LOW
0.0757 TRY
YEARLY AVERAGE
0.0946 TRY

2021 CVE to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the CVE to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 0.1696. Conversely, the yearly low was recorded on February 17, dropping to 0.0757.

This high-to-low spread represents a total annual volatility of 0.0939 TRY. From a start-to-finish perspective, comparing the January average rate of 0.0813 to the December average rate of 0.1373, the exchange rate registered a net change of 68.81% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.1696 was up 86.02% compared to the 2020 peak of 0.0912, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 848 TRY
2020 Average 363 TRY
Yearly Trough Low 379 TRY
Transaction Impact: A difference of 469.25 TRY purely based on transaction execution date.

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0.1433
0.0716
JanuMarcMayJulySeptNove

CVE 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 0.0860, compared to 0.1032 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0172 points.

H1 Avg (Jan–Jun) 0.0860
H2 Avg (Jul–Dec) 0.1032

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 0.0603 TRY (High: 0.1696 / Low: 0.1092). On the other end, January was the most stable month, with a tight range of 0.0025 TRY (High: 0.0824 / Low: 0.0799).

December Spread (Volatile) Âą0.0603
January Spread (Stable) Âą0.0025

Growth Streaks & Declines

Trends

Between February and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0038 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0038

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 0.1373) against the same month in 2020 (average: 0.0847), the exchange rate shifted by +0.0526 (+62.10%).

2021 Avg (December) 0.1373
2020 Avg (December) 0.0847

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Month High Low Average
January 0.0824 0.0799 0.0813
February 0.0813 0.0757 0.0776
March 0.0883 0.0775 0.0827
April 0.0917 0.0864 0.0883
May 0.0944 0.0892 0.0920
June 0.0954 0.0906 0.0939
July 0.0930 0.0902 0.0918
August 0.0924 0.0887 0.0904
September 0.0941 0.0889 0.0913
October 0.1020 0.0927 0.0969
November 0.1375 0.0997 0.1114
December 0.1696 0.1092 0.1373