2024 CVE to TRY Historical Review

YEARLY HIGH

0.3463 TRY

YEARLY LOW

0.2939 TRY

YEARLY AVERAGE

0.3224 TRY

2024 CVE to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CVE to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on September 30, valuing the pair at 0.3463. Conversely, the yearly low was recorded on January 5, dropping to 0.2939.

This high-to-low spread represents a total annual volatility of 0.0524 TRY. From a start-to-finish perspective, comparing the January average rate of 0.2975 to the December average rate of 0.3326, the exchange rate registered a net change of 11.79% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3463 was up 16.96% compared to the 2023 peak of 0.2961, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,731 TRY

2023 Average 1,167 TRY

Yearly Trough Low 1,469 TRY

Transaction Impact: A difference of 262.10 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3473

0.2930

JanuMarcMayJulySeptNove

CVE 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 0.3105, compared to 0.3343 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0237 points.

H1 Avg (Jan–Jun) 0.3105

H2 Avg (Jul–Dec) 0.3343

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0218 TRY (High: 0.3454 / Low: 0.3236). On the other end, December was the most stable month, with a tight range of 0.0045 TRY (High: 0.3350 / Low: 0.3305).

August Spread (Volatile) ±0.0218

December Spread (Stable) ±0.0045

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 0.0060 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0060

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.3428) against the same month in 2023 (average: 0.2615), the exchange rate shifted by +0.0812 (+31.06%).

2024 Avg (September) 0.3428

2023 Avg (September) 0.2615

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2994	0.2939	0.2975
February	0.3069	0.2972	0.3012
March	0.3194	0.3070	0.3157
April	0.3189	0.3123	0.3150
May	0.3186	0.3122	0.3159
June	0.3214	0.3149	0.3179
July	0.3281	0.3163	0.3237
August	0.3454	0.3236	0.3360
September	0.3463	0.3394	0.3428
October	0.3437	0.3349	0.3382
November	0.3391	0.3260	0.3322
December	0.3350	0.3305	0.3326