2020 SGD to TRY Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 SGD to TRY Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the SGD to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on November 6, valuing the pair at 6.3218. Conversely, the yearly low was recorded on February 9, dropping to 4.3031.
This high-to-low spread represents a total annual volatility of 2.0187 TRY. From a start-to-finish perspective, comparing the January average rate of 4.3860 to the December average rate of 5.7821, the exchange rate registered a net change of 31.83% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 6.3218 was up 39.76% compared to the 2019 peak of 4.5233, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SGD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
SGD to TRY Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 4.6364, compared to 5.5558 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9194 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was November, with a trading range of 0.7149 TRY (High: 6.3218 / Low: 5.6069). On the other end, January was the most stable month, with a tight range of 0.0763 TRY (High: 4.4249 / Low: 4.3486).
Growth Streaks & Declines
TrendsBetween February and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.1320 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2020: 5.9141) against the same month in 2019 (average: 4.2154), the exchange rate shifted by +1.6987 (+40.30%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4.4249 | 4.3486 | 4.3860 |
| February | 4.4804 | 4.3031 | 4.3667 |
| March | 4.6528 | 4.3899 | 4.4798 |
| April | 4.9526 | 4.6376 | 4.8126 |
| May | 5.0615 | 4.7532 | 4.8819 |
| June | 4.9278 | 4.7909 | 4.8914 |
| July | 5.0873 | 4.9118 | 4.9517 |
| August | 5.4087 | 5.0512 | 5.3163 |
| September | 5.7155 | 5.4124 | 5.5243 |
| October | 6.1099 | 5.6896 | 5.8465 |
| November | 6.3218 | 5.6069 | 5.9141 |
| December | 5.9085 | 5.5694 | 5.7821 |