2024 MDL to TRY Historical Review

YEARLY HIGH

1.9760 TRY

YEARLY LOW

1.6869 TRY

YEARLY AVERAGE

1.8545 TRY

2024 MDL to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MDL to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on August 29, valuing the pair at 1.9760. Conversely, the yearly low was recorded on January 10, dropping to 1.6869.

This high-to-low spread represents a total annual volatility of 0.2890 TRY. From a start-to-finish perspective, comparing the January average rate of 1.7077 to the December average rate of 1.9109, the exchange rate registered a net change of 11.90% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.9760 was up 15.65% compared to the 2023 peak of 1.7085, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,880 TRY

2023 Average 6,605 TRY

Yearly Trough Low 8,435 TRY

Transaction Impact: A difference of 1,445.17 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.9855

1.6825

JanuMarcMayJulySeptNove

MDL 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 1.7913, compared to 1.9177 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1264 points.

H1 Avg (Jan–Jun) 1.7913

H2 Avg (Jul–Dec) 1.9177

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.1049 TRY (High: 1.9760 / Low: 1.8711). On the other end, May was the most stable month, with a tight range of 0.0248 TRY (High: 1.8414 / Low: 1.8166).

August Spread (Volatile) ±0.1049

May Spread (Stable) ±0.0248

Growth Streaks & Declines

Trends

Between January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0275 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0275

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 1.9276) against the same month in 2023 (average: 1.5227), the exchange rate shifted by +0.4050 (+26.60%).

2024 Avg (August) 1.9276

2023 Avg (August) 1.5227

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.7208	1.6869	1.7077
February	1.7612	1.7129	1.7307
March	1.8435	1.7724	1.8163
April	1.8393	1.8092	1.8258
May	1.8414	1.8166	1.8276
June	1.8565	1.8287	1.8399
July	1.8828	1.8289	1.8596
August	1.9760	1.8711	1.9276
September	1.9718	1.9420	1.9603
October	1.9684	1.9063	1.9377
November	1.9308	1.8943	1.9102
December	1.9258	1.8921	1.9109