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2021 TRY to SYP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the TRY to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 24, valuing the pair at 234.9182. Conversely, the yearly low was recorded on March 21, dropping to 63.2080.
This high-to-low spread represents a total annual volatility of 171.7102 SYP. From a start-to-finish perspective, comparing the January average rate of 69.3042 to the December average rate of 189.1259, the exchange rate registered a net change of 172.89% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 234.9182 was up 167.13% compared to the 2020 peak of 87.9399, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 TRY based on timing:
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TRY to SYP 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 114.0309, compared to 154.3405 in the second half (H2: JulâDec). This shows that the rate was stronger in the second half (JulâDec) by a margin of 40.3096 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was November, with a trading range of 111.7149 SYP (High: 225.2720 / Low: 113.5570). On the other end, January was the most stable month, with a tight range of 1.9183 SYP (High: 70.4146 / Low: 68.4963).
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 September and October, when the average rate fell by 10.6074 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2021: 189.1259) against the same month in 2020 (average: 66.6090), the exchange rate shifted by +122.5169 (+183.93%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 70.4146 | 68.4963 | 69.3042 |
| February | 73.6530 | 69.0595 | 72.2080 |
| March | 158.8948 | 63.2080 | 93.3997 |
| April | 156.5302 | 149.3785 | 153.7084 |
| May | 152.6798 | 146.6166 | 149.9215 |
| June | 149.9696 | 143.2275 | 145.6435 |
| July | 148.7346 | 144.6953 | 146.3257 |
| August | 151.1724 | 145.3331 | 148.3285 |
| September | 151.8200 | 140.8964 | 146.7967 |
| October | 142.0483 | 129.3205 | 136.1893 |
| November | 225.2720 | 113.5570 | 159.2767 |
| December | 234.9182 | 150.7361 | 189.1259 |