YEARLY HIGH
7.2728 TRY
YEARLY LOW
3.0242 TRY
YEARLY AVERAGE
3.9196 TRY

2021 TOP to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TOP to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 7.2728. Conversely, the yearly low was recorded on February 20, dropping to 3.0242.

This high-to-low spread represents a total annual volatility of 4.2486 TRY. From a start-to-finish perspective, comparing the January average rate of 3.2443 to the December average rate of 5.8898, the exchange rate registered a net change of 81.54% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 7.2728 was up 96.49% compared to the 2020 peak of 3.7014, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 36,364 TRY
2020 Average 15,262 TRY
Yearly Trough Low 15,121 TRY
Transaction Impact: A difference of 21,242.86 TRY purely based on transaction execution date.

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6.1692
2.8159
JanuMarcMayJulySeptNove

TOP 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 3.4834, compared to 4.3559 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.8725 points.

H1 Avg (Jan–Jun) 3.4834
H2 Avg (Jul–Dec) 4.3559

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 2.5784 TRY (High: 7.2728 / Low: 4.6944). On the other end, July was the most stable month, with a tight range of 0.1266 TRY (High: 3.8636 / Low: 3.7370).

December Spread (Volatile) Âą2.5784
July Spread (Stable) Âą0.1266

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 0.1490 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.1490

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 5.8898) against the same month in 2020 (average: 3.3726), the exchange rate shifted by +2.5172 (+74.64%).

2021 Avg (December) 5.8898
2020 Avg (December) 3.3726

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Month High Low Average
January 3.2977 3.1697 3.2443
February 3.2681 3.0242 3.0953
March 3.6386 3.1734 3.3748
April 3.7113 3.5191 3.5950
May 3.8428 3.6439 3.7261
June 3.9250 3.7735 3.8647
July 3.8636 3.7370 3.8071
August 3.8321 3.6814 3.7459
September 3.9414 3.6801 3.8057
October 4.3410 3.9011 4.1024
November 5.9094 4.2672 4.7844
December 7.2728 4.6944 5.8898