2024 HUF to TRY Historical Review

YEARLY HIGH

0.0969 TRY

YEARLY LOW

0.0845 TRY

YEARLY AVERAGE

0.0900 TRY

2024 HUF to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the HUF to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on September 22, valuing the pair at 0.0969. Conversely, the yearly low was recorded on January 29, dropping to 0.0845.

This high-to-low spread represents a total annual volatility of 0.0124 TRY. From a start-to-finish perspective, comparing the January average rate of 0.0859 to the December average rate of 0.0890, the exchange rate registered a net change of 3.54% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0969 was up 13.37% compared to the 2023 peak of 0.0855, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 HUF based on timing:

Yearly Peak High 96,891 TRY

2023 Average 67,568 TRY

Yearly Trough Low 84,497 TRY

Transaction Impact: A difference of 12,393.84 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0969

0.0847

JanuMarcMayJulySeptNove

HUF 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 0.0879, compared to 0.0921 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0042 points.

H1 Avg (Jan–Jun) 0.0879

H2 Avg (Jul–Dec) 0.0921

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0065 TRY (High: 0.0968 / Low: 0.0903). On the other end, May was the most stable month, with a tight range of 0.0019 TRY (High: 0.0911 / Low: 0.0891).

August Spread (Volatile) ±0.0065

May Spread (Stable) ±0.0019

Growth Streaks & Declines

Trends

Between February and May, 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 October and November, when the average rate fell by 0.0034 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0034

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.0959) against the same month in 2023 (average: 0.0746), the exchange rate shifted by +0.0213 (+28.52%).

2024 Avg (September) 0.0959

2023 Avg (September) 0.0746

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0871	0.0845	0.0859
February	0.0868	0.0848	0.0857
March	0.0900	0.0863	0.0882
April	0.0897	0.0874	0.0884
May	0.0911	0.0891	0.0901
June	0.0903	0.0879	0.0889
July	0.0926	0.0886	0.0911
August	0.0968	0.0903	0.0941
September	0.0969	0.0945	0.0959
October	0.0951	0.0913	0.0929
November	0.0918	0.0875	0.0895
December	0.0899	0.0878	0.0890