2024 LRD to TRY Historical Review

YEARLY HIGH

0.1947 TRY

YEARLY LOW

0.1568 TRY

YEARLY AVERAGE

0.1720 TRY

2024 LRD to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the LRD to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 0.1947. Conversely, the yearly low was recorded on January 1, dropping to 0.1568.

This high-to-low spread represents a total annual volatility of 0.0379 TRY. From a start-to-finish perspective, comparing the January average rate of 0.1591 to the December average rate of 0.1938, the exchange rate registered a net change of 21.83% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1947 was up 24.14% compared to the 2023 peak of 0.1568, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 973 TRY

2023 Average 677 TRY

Yearly Trough Low 784 TRY

Transaction Impact: A difference of 189.48 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1973

0.1556

JanuMarcMayJulySeptNove

LRD 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 0.1650, compared to 0.1789 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0139 points.

H1 Avg (Jan–Jun) 0.1650

H2 Avg (Jul–Dec) 0.1789

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0148 TRY (High: 0.1936 / Low: 0.1788). On the other end, May was the most stable month, with a tight range of 0.0020 TRY (High: 0.1679 / Low: 0.1659).

November Spread (Volatile) ±0.0148

May Spread (Stable) ±0.0020

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0012 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.1938) against the same month in 2023 (average: 0.1546), the exchange rate shifted by +0.0392 (+25.38%).

2024 Avg (December) 0.1938

2023 Avg (December) 0.1546

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1601	0.1568	0.1591
February	0.1636	0.1603	0.1617
March	0.1684	0.1636	0.1666
April	0.1729	0.1657	0.1679
May	0.1679	0.1659	0.1667
June	0.1696	0.1660	0.1680
July	0.1702	0.1671	0.1689
August	0.1750	0.1670	0.1723
September	0.1766	0.1706	0.1742
October	0.1787	0.1764	0.1778
November	0.1936	0.1788	0.1864
December	0.1947	0.1922	0.1938