2024 HNL to TRY Historical Review

YEARLY HIGH

1.3920 TRY

YEARLY LOW

1.1943 TRY

YEARLY AVERAGE

1.3225 TRY

2024 HNL to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the HNL to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 1.3920. Conversely, the yearly low was recorded on January 1, dropping to 1.1943.

This high-to-low spread represents a total annual volatility of 0.1977 TRY. From a start-to-finish perspective, comparing the January average rate of 1.2189 to the December average rate of 1.3808, the exchange rate registered a net change of 13.28% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.3920 was up 16.42% compared to the 2023 peak of 1.1957, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,960 TRY

2023 Average 4,829 TRY

Yearly Trough Low 5,971 TRY

Transaction Impact: A difference of 988.49 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.3970

1.2027

JanuMarcMayJulySeptNove

HNL 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 1.2819, compared to 1.3631 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0811 points.

H1 Avg (Jan–Jun) 1.2819

H2 Avg (Jul–Dec) 1.3631

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0466 TRY (High: 1.3141 / Low: 1.2675). On the other end, September was the most stable month, with a tight range of 0.0129 TRY (High: 1.3783 / Low: 1.3654).

March Spread (Volatile) ±0.0466

September Spread (Stable) ±0.0129

Growth Streaks & Declines

Trends

Between May and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0055 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0055

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 1.3808) against the same month in 2023 (average: 1.1775), the exchange rate shifted by +0.2032 (+17.26%).

2024 Avg (December) 1.3808

2023 Avg (December) 1.1775

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2299	1.1943	1.2189
February	1.2669	1.2286	1.2463
March	1.3141	1.2675	1.2969
April	1.3231	1.2902	1.3100
May	1.3133	1.2989	1.3045
June	1.3300	1.2980	1.3150
July	1.3397	1.3110	1.3290
August	1.3812	1.3369	1.3595
September	1.3783	1.3654	1.3717
October	1.3804	1.3574	1.3693
November	1.3831	1.3534	1.3681
December	1.3920	1.3705	1.3808