YEARLY HIGH
3.4938 HNL
YEARLY LOW
1.4633 HNL
YEARLY AVERAGE
2.7954 HNL

2021 TRY to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TRY to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on February 19, valuing the pair at 3.4938. Conversely, the yearly low was recorded on December 19, dropping to 1.4633.

This high-to-low spread represents a total annual volatility of 2.0305 HNL. From a start-to-finish perspective, comparing the January average rate of 3.2764 to the December average rate of 1.8282, the exchange rate registered a net change of -44.20% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 3.4938 was down 18.82% compared to the 2020 peak of 4.3037, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 174,692 HNL
2020 Average 177,858 HNL
Yearly Trough Low 73,166 HNL
Transaction Impact: A difference of 101,525.87 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

3.5722
1.6697
JanuMarcMayJulySeptNove

TRY to HNL 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 3.0738, compared to 2.5170 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5568 points.

H1 Avg (Jan–Jun) 3.0738
H2 Avg (Jul–Dec) 2.5170

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 0.8148 HNL (High: 2.2781 / Low: 1.4633). On the other end, July was the most stable month, with a tight range of 0.0688 HNL (High: 2.8074 / Low: 2.7386).

December Spread (Volatile) ±0.8148
July Spread (Stable) ±0.0688

Growth Streaks & Declines

Trends

Between July and September, 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 November and December, when the average rate fell by 0.4326 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.4326

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2021: 3.4137) against the same month in 2020 (average: 4.0917), the exchange rate shifted by -0.6780 (-16.57%).

2021 Avg (February) 3.4137
2020 Avg (February) 4.0917

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 3.4059 3.2228 3.2764
February 3.4938 3.2431 3.4137
March 3.3522 2.8985 3.1516
April 3.0023 2.8504 2.9440
May 2.9288 2.8069 2.8720
June 2.8736 2.7311 2.7851
July 2.8074 2.7386 2.7778
August 2.8678 2.7420 2.8053
September 2.8926 2.7027 2.8128
October 2.7288 2.4774 2.6168
November 2.5313 1.7889 2.2609
December 2.2781 1.4633 1.8282