2024 NZD to TRY Historical Review

YEARLY HIGH

21.7051 TRY

YEARLY LOW

18.3814 TRY

YEARLY AVERAGE

19.8866 TRY

2024 NZD to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NZD to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on September 30, valuing the pair at 21.7051. Conversely, the yearly low was recorded on January 22, dropping to 18.3814.

This high-to-low spread represents a total annual volatility of 3.3237 TRY. From a start-to-finish perspective, comparing the January average rate of 18.5792 to the December average rate of 20.0846, the exchange rate registered a net change of 8.10% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 21.7051 was up 15.93% compared to the 2023 peak of 18.7230, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 108,525 TRY

2023 Average 72,955 TRY

Yearly Trough Low 91,907 TRY

Transaction Impact: A difference of 16,618.59 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

21.4747

18.3160

JanuMarcMayJulySeptNove

NZD 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 19.2980, compared to 20.4751 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.1772 points.

H1 Avg (Jan–Jun) 19.2980

H2 Avg (Jul–Dec) 20.4751

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 1.6608 TRY (High: 21.3493 / Low: 19.6885). On the other end, June was the most stable month, with a tight range of 0.3794 TRY (High: 20.1600 / Low: 19.7806).

August Spread (Volatile) ±1.6608

June Spread (Stable) ±0.3794

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.4553 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.4553

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 21.2115) against the same month in 2023 (average: 16.0132), the exchange rate shifted by +5.1983 (+32.46%).

2024 Avg (September) 21.2115

2023 Avg (September) 16.0132

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.7866	18.3814	18.5792
February	19.2539	18.4867	18.8801
March	19.8043	19.1661	19.4775
April	19.5566	19.0480	19.2661
May	19.8333	19.2684	19.5884
June	20.1600	19.7806	19.9965
July	20.2495	19.3966	19.8610
August	21.3493	19.6885	20.5143
September	21.7051	20.8543	21.2115
October	21.4752	20.4627	20.8175
November	20.6882	20.1232	20.3621
December	20.5027	19.6875	20.0846