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2016 TRY to LRD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the TRY to LRD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 1, valuing the pair at 32.3650. Conversely, the yearly low was recorded on December 14, dropping to 25.7580.
This high-to-low spread represents a total annual volatility of 6.6070 LRD. From a start-to-finish perspective, comparing the January average rate of 28.5174 to the December average rate of 26.2487, the exchange rate registered a net change of -7.96% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2016 high of 32.3650 was down 19.26% compared to the 2015 peak of 40.0855, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 TRY based on timing:
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TRY to LRD 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 29.9055, compared to 29.3258 in the second half (H2: JulâDec). This shows that the rate was stronger in the first half (JanâJun) by a margin of 0.5797 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was November, with a trading range of 2.9317 LRD (High: 29.2835 / Low: 26.3518). On the other end, February was the most stable month, with a tight range of 0.7695 LRD (High: 29.0761 / Low: 28.3066).
Growth Streaks & Declines
TrendsBetween January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 2.1141 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2016: 30.7632) against the same month in 2015 (average: 31.9876), the exchange rate shifted by -1.2244 (-3.83%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 29.7830 | 27.7662 | 28.5174 |
| February | 29.0761 | 28.3066 | 28.7018 |
| March | 29.9972 | 28.7597 | 29.3815 |
| April | 32.3370 | 29.6106 | 31.0252 |
| May | 32.3650 | 30.2469 | 30.7632 |
| June | 31.6632 | 30.6895 | 31.0441 |
| July | 31.2682 | 29.3916 | 30.4176 |
| August | 32.3542 | 29.9817 | 31.0117 |
| September | 31.3421 | 30.4759 | 30.8302 |
| October | 30.4929 | 29.0274 | 29.7802 |
| November | 29.2835 | 26.3518 | 27.6661 |
| December | 26.7567 | 25.7580 | 26.2487 |