2024 DOP to TRY Historical Review

YEARLY HIGH

0.5806 TRY

YEARLY LOW

0.5081 TRY

YEARLY AVERAGE

0.5531 TRY

2024 DOP to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the DOP to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.5806. Conversely, the yearly low was recorded on January 1, dropping to 0.5081.

This high-to-low spread represents a total annual volatility of 0.0725 TRY. From a start-to-finish perspective, comparing the January average rate of 0.5135 to the December average rate of 0.5767, the exchange rate registered a net change of 12.30% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5806 was up 13.84% compared to the 2023 peak of 0.5100, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,903 TRY

2023 Average 2,124 TRY

Yearly Trough Low 2,540 TRY

Transaction Impact: A difference of 362.60 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5830

0.5072

JanuMarcMayJulySeptNove

DOP 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 0.5386, compared to 0.5676 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0290 points.

H1 Avg (Jan–Jun) 0.5386

H2 Avg (Jul–Dec) 0.5676

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0168 TRY (High: 0.5578 / Low: 0.5410). On the other end, October was the most stable month, with a tight range of 0.0039 TRY (High: 0.5695 / Low: 0.5656).

June Spread (Volatile) ±0.0168

October Spread (Stable) ±0.0039

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0017 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0017

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.5767) against the same month in 2023 (average: 0.5076), the exchange rate shifted by +0.0691 (+13.62%).

2024 Avg (December) 0.5767

2023 Avg (December) 0.5076

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5163	0.5081	0.5135
February	0.5331	0.5174	0.5249
March	0.5488	0.5348	0.5433
April	0.5546	0.5395	0.5478
May	0.5583	0.5442	0.5519
June	0.5578	0.5410	0.5502
July	0.5614	0.5508	0.5566
August	0.5732	0.5583	0.5654
September	0.5706	0.5639	0.5677
October	0.5695	0.5656	0.5679
November	0.5755	0.5674	0.5712
December	0.5806	0.5729	0.5767