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2018 TRY to BTN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the TRY to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 22, valuing the pair at 17.1826. Conversely, the yearly low was recorded on August 13, dropping to 10.0494.
This high-to-low spread represents a total annual volatility of 7.1331 BTN. From a start-to-finish perspective, comparing the January average rate of 16.8721 to the December average rate of 13.3028, the exchange rate registered a net change of -21.15% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2018 high of 17.1826 was down 10.93% compared to the 2017 peak of 19.2917, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 TRY based on timing:
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TRY to BTN 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 16.1083, compared to 12.8343 in the second half (H2: JulâDec). This shows that the rate was stronger in the first half (JanâJun) by a margin of 3.2740 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was August, with a trading range of 3.6886 BTN (High: 13.7381 / Low: 10.0494). On the other end, January was the most stable month, with a tight range of 0.3106 BTN (High: 17.0010 / Low: 16.6905).
Growth Streaks & Declines
TrendsBetween September and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 2.5928 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2018: 17.0067) against the same month in 2017 (average: 18.3156), the exchange rate shifted by -1.3090 (-7.15%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 17.0010 | 16.6905 | 16.8721 |
| February | 17.1826 | 16.7931 | 17.0067 |
| March | 17.1271 | 16.2444 | 16.7082 |
| April | 16.5043 | 15.7417 | 16.1650 |
| May | 16.1950 | 14.3501 | 15.2574 |
| June | 15.0742 | 14.2691 | 14.6404 |
| July | 15.0700 | 13.9411 | 14.3988 |
| August | 13.7381 | 10.0494 | 11.8060 |
| September | 12.0879 | 10.7044 | 11.4230 |
| October | 13.4587 | 11.9123 | 12.6723 |
| November | 13.7384 | 13.2351 | 13.4028 |
| December | 13.4613 | 13.0891 | 13.3028 |