2024 CAD to TRY Historical Review

YEARLY HIGH

25.4218 TRY

YEARLY LOW

22.2921 TRY

YEARLY AVERAGE

23.9911 TRY

2024 CAD to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CAD to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 25.4218. Conversely, the yearly low was recorded on January 6, dropping to 22.2921.

This high-to-low spread represents a total annual volatility of 3.1297 TRY. From a start-to-finish perspective, comparing the January average rate of 22.4269 to the December average rate of 24.5446, the exchange rate registered a net change of 9.44% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 25.4218 was up 13.79% compared to the 2023 peak of 22.3402, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 127,109 TRY

2023 Average 88,245 TRY

Yearly Trough Low 111,460 TRY

Transaction Impact: A difference of 15,648.49 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

25.4161

22.1551

JanuMarcMayJulySeptNove

CAD 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 23.3310, compared to 24.6511 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.3201 points.

H1 Avg (Jan–Jun) 23.3310

H2 Avg (Jul–Dec) 24.6511

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 1.4393 TRY (High: 25.3347 / Low: 23.8954). On the other end, May was the most stable month, with a tight range of 0.2455 TRY (High: 23.7125 / Low: 23.4670).

August Spread (Volatile) ±1.4393

May Spread (Stable) ±0.2455

Growth Streaks & Declines

Trends

Between May and September, 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 October and November, when the average rate fell by 0.2501 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.2501

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 25.1444) against the same month in 2023 (average: 19.9346), the exchange rate shifted by +5.2098 (+26.13%).

2024 Avg (September) 25.1444

2023 Avg (September) 19.9346

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	22.6563	22.2921	22.4269
February	23.0651	22.5513	22.8295
March	24.0578	23.1174	23.6778
April	23.8314	23.4912	23.6557
May	23.7125	23.4670	23.6102
June	24.1208	23.4784	23.7862
July	24.2461	23.7678	24.0041
August	25.3347	23.8954	24.6633
September	25.4218	24.9449	25.1444
October	25.3430	24.6162	24.9001
November	24.8016	24.4080	24.6501
December	24.8049	24.2385	24.5446