2024 FKP to TRY Historical Review

YEARLY HIGH

45.8346 TRY

YEARLY LOW

37.5562 TRY

YEARLY AVERAGE

42.0407 TRY

2024 FKP to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the FKP to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on September 26, valuing the pair at 45.8346. Conversely, the yearly low was recorded on January 2, dropping to 37.5562.

This high-to-low spread represents a total annual volatility of 8.2784 TRY. From a start-to-finish perspective, comparing the January average rate of 38.2421 to the December average rate of 44.2235, the exchange rate registered a net change of 15.64% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 45.8346 was up 21.77% compared to the 2023 peak of 37.6396, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 229,173 TRY

2023 Average 148,429 TRY

Yearly Trough Low 187,781 TRY

Transaction Impact: A difference of 41,392.09 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

45.7174

37.5625

JanuMarcMayJulySeptNove

FKP 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 40.0970, compared to 43.9844 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.8874 points.

H1 Avg (Jan–Jun) 40.0970

H2 Avg (Jul–Dec) 43.9844

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 2.9067 TRY (High: 45.1235 / Low: 42.2168). On the other end, December was the most stable month, with a tight range of 0.6144 TRY (High: 44.5558 / Low: 43.9414).

August Spread (Volatile) ±2.9067

December Spread (Stable) ±0.6144

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 0.7535 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.7535

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 45.0378) against the same month in 2023 (average: 33.4568), the exchange rate shifted by +11.5811 (+34.62%).

2024 Avg (September) 45.0378

2023 Avg (September) 33.4568

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	38.5916	37.5562	38.2421
February	39.5305	38.2814	38.9145
March	41.4848	39.7302	40.7423
April	40.8755	40.1814	40.4831
May	41.1439	40.3307	40.7767
June	41.7937	41.0860	41.4232
July	43.0582	41.2901	42.3712
August	45.1235	42.2168	43.6371
September	45.8346	44.3396	45.0378
October	45.4063	44.2422	44.6950
November	44.7533	43.2958	43.9414
December	44.5558	43.9414	44.2235