YEARLY HIGH
4.5715 TRY
YEARLY LOW
1.9111 TRY
YEARLY AVERAGE
2.4371 TRY

2021 QAR to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the QAR to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 4.5715. Conversely, the yearly low was recorded on February 15, dropping to 1.9111.

This high-to-low spread represents a total annual volatility of 2.6605 TRY. From a start-to-finish perspective, comparing the January average rate of 2.0318 to the December average rate of 3.6964, the exchange rate registered a net change of 81.93% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 4.5715 was up 95.25% compared to the 2020 peak of 2.3414, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 22,858 TRY
2020 Average 9,644 TRY
Yearly Trough Low 9,555 TRY
Transaction Impact: A difference of 13,302.36 TRY purely based on transaction execution date.

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3.8709
1.7766
JanuMarcMayJulySeptNove

QAR 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 2.1698, compared to 2.7043 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5344 points.

H1 Avg (Jan–Jun) 2.1698
H2 Avg (Jul–Dec) 2.7043

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 1.6341 TRY (High: 4.5715 / Low: 2.9374). On the other end, January was the most stable month, with a tight range of 0.0527 TRY (High: 2.0535 / Low: 2.0008).

December Spread (Volatile) Âą1.6341
January Spread (Stable) Âą0.0527

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 0.0806 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0806

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 3.6964) against the same month in 2020 (average: 2.1151), the exchange rate shifted by +1.5813 (+74.76%).

2021 Avg (December) 3.6964
2020 Avg (December) 2.1151

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Month High Low Average
January 2.0535 2.0008 2.0318
February 2.0395 1.9111 1.9512
March 2.2877 1.9827 2.1131
April 2.3139 2.2065 2.2478
May 2.3510 2.2623 2.3038
June 2.4118 2.2959 2.3714
July 2.3867 2.3220 2.3573
August 2.3772 2.2553 2.3182
September 2.4645 2.2461 2.3484
October 2.6704 2.4312 2.5375
November 3.7096 2.6217 2.9678
December 4.5715 2.9374 3.6964