2024 KRW to TRY Historical Review

YEARLY HIGH

0.0261 TRY

YEARLY LOW

0.0224 TRY

YEARLY AVERAGE

0.0241 TRY

2024 KRW to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the KRW to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 0.0261. Conversely, the yearly low was recorded on January 17, dropping to 0.0224.

This high-to-low spread represents a total annual volatility of 0.0037 TRY. From a start-to-finish perspective, comparing the January average rate of 0.0227 to the December average rate of 0.0243, the exchange rate registered a net change of 6.96% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0261 was up 13.48% compared to the 2023 peak of 0.0230, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 130,398 TRY

2023 Average 91,109 TRY

Yearly Trough Low 112,041 TRY

Transaction Impact: A difference of 18,356.97 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0259

0.0224

JanuMarcMayJulySeptNove

KRW 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 0.0235, compared to 0.0248 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0013 points.

H1 Avg (Jan–Jun) 0.0235

H2 Avg (Jul–Dec) 0.0248

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0015 TRY (High: 0.0257 / Low: 0.0242). On the other end, June was the most stable month, with a tight range of 0.0005 TRY (High: 0.0238 / Low: 0.0233).

August Spread (Volatile) ±0.0015

June Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between June and September, 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 September and October, when the average rate fell by 0.0005 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.0256) against the same month in 2023 (average: 0.0202), the exchange rate shifted by +0.0054 (+26.49%).

2024 Avg (September) 0.0256

2023 Avg (September) 0.0202

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0231	0.0224	0.0227
February	0.0234	0.0228	0.0231
March	0.0245	0.0236	0.0241
April	0.0239	0.0234	0.0236
May	0.0239	0.0233	0.0237
June	0.0238	0.0233	0.0236
July	0.0242	0.0235	0.0238
August	0.0257	0.0242	0.0250
September	0.0261	0.0253	0.0256
October	0.0258	0.0247	0.0252
November	0.0250	0.0244	0.0247
December	0.0249	0.0238	0.0243