2024 MVR to TRY Historical Review

YEARLY HIGH

2.2965 TRY

YEARLY LOW

1.9189 TRY

YEARLY AVERAGE

2.1351 TRY

2024 MVR to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MVR to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 2.2965. Conversely, the yearly low was recorded on January 1, dropping to 1.9189.

This high-to-low spread represents a total annual volatility of 0.3776 TRY. From a start-to-finish perspective, comparing the January average rate of 1.9539 to the December average rate of 2.2717, the exchange rate registered a net change of 16.27% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.2965 was up 19.65% compared to the 2023 peak of 1.9193, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,482 TRY

2023 Average 7,749 TRY

Yearly Trough Low 9,594 TRY

Transaction Impact: A difference of 1,888.03 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.3035

1.9221

JanuMarcMayJulySeptNove

MVR 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 2.0561, compared to 2.2140 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1579 points.

H1 Avg (Jan–Jun) 2.0561

H2 Avg (Jul–Dec) 2.2140

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.1649 TRY (High: 2.2420 / Low: 2.0771). On the other end, October was the most stable month, with a tight range of 0.0087 TRY (High: 2.2347 / Low: 2.2260).

May Spread (Volatile) ±0.1649

October Spread (Stable) ±0.0087

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 0.0017 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0017

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 2.2717) against the same month in 2023 (average: 1.8930), the exchange rate shifted by +0.3788 (+20.01%).

2024 Avg (December) 2.2717

2023 Avg (December) 1.8930

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9717	1.9189	1.9539
February	2.0289	1.9772	2.0012
March	2.1000	2.0383	2.0773
April	2.1117	2.0666	2.0942
May	2.2420	2.0771	2.0925
June	2.1471	2.0878	2.1177
July	2.1602	2.1127	2.1384
August	2.2229	2.1603	2.1913
September	2.2279	2.2082	2.2185
October	2.2347	2.2260	2.2314
November	2.2451	2.2212	2.2330
December	2.2965	2.2454	2.2717