YEARLY HIGH
0.1034 SHP
YEARLY LOW
0.0454 SHP
YEARLY AVERAGE
0.0842 SHP

2021 TRY to SHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TRY to SHP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 17, valuing the pair at 0.1034. Conversely, the yearly low was recorded on December 19, dropping to 0.0454.

This high-to-low spread represents a total annual volatility of 0.0581 SHP. From a start-to-finish perspective, comparing the January average rate of 0.0991 to the December average rate of 0.0565, the exchange rate registered a net change of -42.92% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.1034 was down 22.26% compared to the 2020 peak of 0.1331, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 5,172 SHP
2020 Average 5,609 SHP
Yearly Trough Low 2,268 SHP
Transaction Impact: A difference of 2,904.01 SHP purely based on transaction execution date.

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0.1060
0.0520
JanuMarcMayJulySeptNove

TRY to SHP 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 0.0917, compared to 0.0767 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0150 points.

H1 Avg (Jan–Jun) 0.0917
H2 Avg (Jul–Dec) 0.0767

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 0.0245 SHP (High: 0.0698 / Low: 0.0454). On the other end, January was the most stable month, with a tight range of 0.0024 SHP (High: 0.1005 / Low: 0.0981).

December Spread (Volatile) Âą0.0245
January Spread (Stable) Âą0.0024

Growth Streaks & Declines

Trends

Between June and August, 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 November and December, when the average rate fell by 0.0130 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0130

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2021: 0.1015) against the same month in 2020 (average: 0.1271), the exchange rate shifted by -0.0256 (-20.16%).

2021 Avg (February) 0.1015
2020 Avg (February) 0.1271

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Month High Low Average
January 0.1005 0.0981 0.0991
February 0.1034 0.0964 0.1015
March 0.0999 0.0873 0.0939
April 0.0903 0.0857 0.0883
May 0.0873 0.0822 0.0847
June 0.0845 0.0814 0.0826
July 0.0855 0.0830 0.0842
August 0.0874 0.0835 0.0855
September 0.0875 0.0823 0.0849
October 0.0833 0.0747 0.0792
November 0.0767 0.0557 0.0696
December 0.0698 0.0454 0.0565