2024 EUR to TRY Historical Review

YEARLY HIGH

38.2033 TRY

YEARLY LOW

32.5492 TRY

YEARLY AVERAGE

35.5818 TRY

2024 EUR to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the EUR to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on September 26, valuing the pair at 38.2033. Conversely, the yearly low was recorded on January 3, dropping to 32.5492.

This high-to-low spread represents a total annual volatility of 5.6541 TRY. From a start-to-finish perspective, comparing the January average rate of 32.8310 to the December average rate of 36.6552, the exchange rate registered a net change of 11.65% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 38.2033 was up 16.78% compared to the 2023 peak of 32.7138, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 191,017 TRY

2023 Average 128,950 TRY

Yearly Trough Low 162,746 TRY

Transaction Impact: A difference of 28,270.60 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

38.3504

32.3292

JanuMarcMayJulySeptNove

EUR 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 34.2693, compared to 36.8943 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.6250 points.

H1 Avg (Jan–Jun) 34.2693

H2 Avg (Jul–Dec) 36.8943

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 2.2910 TRY (High: 38.0691 / Low: 35.7781). On the other end, May was the most stable month, with a tight range of 0.3981 TRY (High: 35.0796 / Low: 34.6815).

August Spread (Volatile) ±2.2910

May Spread (Stable) ±0.3981

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 0.7014 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.7014

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 37.8487) against the same month in 2023 (average: 28.8427), the exchange rate shifted by +9.0060 (+31.22%).

2024 Avg (September) 37.8487

2023 Avg (September) 28.8427

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	33.0205	32.5492	32.8310
February	33.8392	32.8066	33.2562
March	35.4543	34.0436	34.8541
April	35.0128	34.4501	34.6964
May	35.0796	34.6815	34.8944
June	35.5163	34.7657	35.0838
July	36.2117	34.9906	35.7355
August	38.0691	35.7781	37.1564
September	38.2033	37.4434	37.8487
October	37.8303	36.9487	37.3358
November	37.5173	35.9968	36.6344
December	36.8146	36.2816	36.6552