2024 BND to TRY Historical Review

YEARLY HIGH

26.7042 TRY

YEARLY LOW

22.3348 TRY

YEARLY AVERAGE

24.6208 TRY

2024 BND to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BND to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on September 30, valuing the pair at 26.7042. Conversely, the yearly low was recorded on January 1, dropping to 22.3348.

This high-to-low spread represents a total annual volatility of 4.3695 TRY. From a start-to-finish perspective, comparing the January average rate of 22.5404 to the December average rate of 25.9283, the exchange rate registered a net change of 15.03% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 26.7042 was up 19.54% compared to the 2023 peak of 22.3396, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 BND based on timing:

Yearly Peak High 133,521 TRY

2023 Average 88,656 TRY

Yearly Trough Low 111,674 TRY

Transaction Impact: A difference of 21,847.35 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

26.6514

22.1666

JanuMarcMayJulySeptNove

BND to TRY 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 23.5377, compared to 25.7039 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.1662 points.

H1 Avg (Jan–Jun) 23.5377

H2 Avg (Jul–Dec) 25.7039

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 1.4051 TRY (High: 26.2147 / Low: 24.8096). On the other end, May was the most stable month, with a tight range of 0.2543 TRY (High: 24.0475 / Low: 23.7932).

August Spread (Volatile) ±1.4051

May Spread (Stable) ±0.2543

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.3542 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.3542

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 26.2776) against the same month in 2023 (average: 19.8268), the exchange rate shifted by +6.4508 (+32.54%).

2024 Avg (September) 26.2776

2023 Avg (September) 19.8268

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	22.6966	22.3348	22.5404
February	23.2533	22.6707	22.9115
March	24.1757	23.3238	23.9172
April	24.0021	23.6500	23.8632
May	24.0475	23.7932	23.8812
June	24.3476	23.8433	24.1130
July	24.7140	23.9592	24.4550
August	26.2147	24.8096	25.6180
September	26.7042	25.9501	26.2776
October	26.5779	25.8586	26.1493
November	26.0922	25.5970	25.7951
December	26.0793	25.7890	25.9283