2021 GIP āĻĨā§āĻā§ TRY-āĻāϰ āĻāϤāĻŋāĻšāĻžāϏāĻŋāĻ āĻĒāϰā§āϝāĻžāϞā§āĻāύāĻž
2021 āϏāĻžāϞ āĻā§āĻĄāĻŧā§ āĻŦāĻŋāύāĻŋāĻŽāϝāĻŧ āĻšāĻžāϰā§āϰ āĻāϰā§āĻŽāĻā§āώāĻŽāϤāĻžāϰ āĻāĻāĻāĻŋ āĻŦāĻŋāĻļāĻĻ āĻŦāĻŋāĻļā§āϞā§āώāĻŖāĨ¤
2021 GIP to TRY Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the GIP to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 22.0503. Conversely, the yearly low was recorded on February 17, dropping to 9.6683.
This high-to-low spread represents a total annual volatility of 12.3820 TRY. From a start-to-finish perspective, comparing the January average rate of 10.0962 to the December average rate of 17.9047, the exchange rate registered a net change of 77.34% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 22.0503 was up 96.58% compared to the 2020 peak of 11.2168, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GIP based on timing:
āĻĒā§āϰāĻŦāĻŖāϤāĻžāϰ āĻāĻŋāϤā§āϰāĻžāϝāĻŧāύ
2021 āϏāĻžāϞ āĻā§āĻĄāĻŧā§ āĻŽāĻžāϏāĻŋāĻ āĻāĻĄāĻŧ āĻāĻ āĻžāύāĻžāĻŽāĻžāĨ¤
GIP 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 10.9752, compared to 13.4042 in the second half (H2: JulâDec). This shows that the rate was stronger in the second half (JulâDec) by a margin of 2.4290 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was December, with a trading range of 7.7321 TRY (High: 22.0503 / Low: 14.3182). On the other end, January was the most stable month, with a tight range of 0.2441 TRY (High: 10.1928 / Low: 9.9487).
Growth Streaks & Declines
TrendsBetween 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 0.2398 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2021: 17.9047) against the same month in 2020 (average: 10.3575), the exchange rate shifted by +7.5471 (+72.87%).
āĻŽāĻžāϏāĻŋāĻ āĻŦāĻŋāĻļā§āϞā§āώāĻŖ
āĻĒā§āϰāϤāĻŋāĻāĻŋ āĻā§āϝāĻžāϞā§āύā§āĻĄāĻžāϰ āĻŽāĻžāϏā§āϰ āĻĒāϰāĻŋāϏāĻāĻā§āϝāĻžāύāĻāϤ āϏāĻžāϰāϏāĻāĻā§āώā§āĻĒāĨ¤
| Month | High | Low | Average |
|---|---|---|---|
| January | 10.1928 | 9.9487 | 10.0962 |
| February | 10.3712 | 9.6683 | 9.8564 |
| March | 11.4498 | 10.0129 | 10.6631 |
| April | 11.6728 | 11.0739 | 11.3219 |
| May | 12.1647 | 11.4521 | 11.8111 |
| June | 12.2924 | 11.8317 | 12.1028 |
| July | 12.0446 | 11.6946 | 11.8750 |
| August | 11.9821 | 11.4407 | 11.6977 |
| September | 12.1557 | 11.4265 | 11.7770 |
| October | 13.3780 | 12.0022 | 12.6489 |
| November | 17.9569 | 13.0342 | 14.5220 |
| December | 22.0503 | 14.3182 | 17.9047 |