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2017 TRY to TOP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the TRY to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on May 6, valuing the pair at 0.6622. Conversely, the yearly low was recorded on November 20, dropping to 0.5757.
This high-to-low spread represents a total annual volatility of 0.0865 TOP. From a start-to-finish perspective, comparing the January average rate of 0.6155 to the December average rate of 0.5961, the exchange rate registered a net change of -3.16% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 0.6622 was down 17.33% compared to the 2016 peak of 0.8011, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 TRY based on timing:
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TRY to TOP 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 0.6301, compared to 0.6138 in the second half (H2: JulâDec). This shows that the rate was stronger in the first half (JanâJun) by a margin of 0.0163 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was January, with a trading range of 0.0638 TOP (High: 0.6546 / Low: 0.5908). On the other end, June was the most stable month, with a tight range of 0.0174 TOP (High: 0.6549 / Low: 0.6375).
Growth Streaks & Declines
TrendsBetween January and May, 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 September and October, when the average rate fell by 0.0292 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2017: 0.6493) against the same month in 2016 (average: 0.7654), the exchange rate shifted by -0.1160 (-15.16%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 0.6546 | 0.5908 | 0.6155 |
| February | 0.6329 | 0.6048 | 0.6171 |
| March | 0.6401 | 0.6017 | 0.6228 |
| April | 0.6519 | 0.6150 | 0.6295 |
| May | 0.6622 | 0.6388 | 0.6493 |
| June | 0.6549 | 0.6375 | 0.6465 |
| July | 0.6426 | 0.6199 | 0.6290 |
| August | 0.6496 | 0.6182 | 0.6285 |
| September | 0.6499 | 0.6223 | 0.6376 |
| October | 0.6236 | 0.5914 | 0.6083 |
| November | 0.5961 | 0.5757 | 0.5833 |
| December | 0.6034 | 0.5837 | 0.5961 |