2024 ETB to TRY Historical Review

YEARLY HIGH

0.5770 TRY

YEARLY LOW

0.2737 TRY

YEARLY AVERAGE

0.4480 TRY

2024 ETB to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ETB to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on July 21, valuing the pair at 0.5770. Conversely, the yearly low was recorded on December 7, dropping to 0.2737.

This high-to-low spread represents a total annual volatility of 0.3033 TRY. From a start-to-finish perspective, comparing the January average rate of 0.5333 to the December average rate of 0.2764, the exchange rate registered a net change of -48.17% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5770 was up 9.62% compared to the 2023 peak of 0.5264, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,885 TRY

2023 Average 2,171 TRY

Yearly Trough Low 1,369 TRY

Transaction Impact: A difference of 1,516.43 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5979

0.2472

JanuMarcMayJulySeptNove

ETB 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 0.5568, compared to 0.3392 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2176 points.

H1 Avg (Jan–Jun) 0.5568

H2 Avg (Jul–Dec) 0.3392

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.1371 TRY (High: 0.5770 / Low: 0.4399). On the other end, May was the most stable month, with a tight range of 0.0077 TRY (High: 0.5678 / Low: 0.5601).

July Spread (Volatile) ±0.1371

May Spread (Stable) ±0.0077

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.2350 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2350

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2024: 0.5664) against the same month in 2023 (average: 0.4829), the exchange rate shifted by +0.0835 (+17.30%).

2024 Avg (July) 0.5664

2023 Avg (July) 0.4829

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5401	0.5232	0.5333
February	0.5515	0.5354	0.5441
March	0.5716	0.5526	0.5651
April	0.5746	0.5624	0.5687
May	0.5678	0.5601	0.5629
June	0.5738	0.5603	0.5669
July	0.5770	0.4399	0.5664
August	0.4209	0.3019	0.3314
September	0.3085	0.2851	0.2952
October	0.2892	0.2811	0.2846
November	0.2862	0.2739	0.2812
December	0.2834	0.2737	0.2764