2024 MMK to TRY Historical Review

YEARLY HIGH

0.0169 TRY

YEARLY LOW

0.0102 TRY

YEARLY AVERAGE

0.0155 TRY

2024 MMK to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MMK to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.0169. Conversely, the yearly low was recorded on July 20, dropping to 0.0102.

This high-to-low spread represents a total annual volatility of 0.0067 TRY. From a start-to-finish perspective, comparing the January average rate of 0.0143 to the December average rate of 0.0167, the exchange rate registered a net change of 16.41% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0169 was up 20.10% compared to the 2023 peak of 0.0140, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 84 TRY

2023 Average 57 TRY

Yearly Trough Low 51 TRY

Transaction Impact: A difference of 33.42 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0169

0.0141

JanuMarcMayJulySeptNove

MMK 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 0.0150, compared to 0.0161 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0011 points.

H1 Avg (Jan–Jun) 0.0150

H2 Avg (Jul–Dec) 0.0161

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0056 TRY (High: 0.0158 / Low: 0.0102). On the other end, October was the most stable month, with a tight range of 0.0001 TRY (High: 0.0164 / Low: 0.0163).

July Spread (Volatile) ±0.0056

October Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0004 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.0167) against the same month in 2023 (average: 0.0138), the exchange rate shifted by +0.0028 (+20.52%).

2024 Avg (December) 0.0167

2023 Avg (December) 0.0138

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0145	0.0140	0.0143
February	0.0149	0.0144	0.0147
March	0.0155	0.0150	0.0153
April	0.0156	0.0152	0.0154
May	0.0155	0.0153	0.0154
June	0.0157	0.0132	0.0150
July	0.0158	0.0102	0.0147
August	0.0163	0.0158	0.0161
September	0.0163	0.0162	0.0162
October	0.0164	0.0163	0.0163
November	0.0165	0.0163	0.0164
December	0.0169	0.0165	0.0167