YEARLY HIGH
3.7243 BDT
YEARLY LOW
3.3565 BDT
YEARLY AVERAGE
3.5120 BDT

2024 TRY to BDT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to BDT exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 3.7243. Conversely, the yearly low was recorded on April 21, dropping to 3.3565.

This high-to-low spread represents a total annual volatility of 0.3677 BDT. From a start-to-finish perspective, comparing the January average rate of 3.6467 to the December average rate of 3.4131, the exchange rate registered a net change of -6.41% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 3.7243 was down 35.30% compared to the 2023 peak of 5.7560, 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 186,213 BDT
2023 Average 233,351 BDT
Yearly Trough Low 167,827 BDT
Transaction Impact: A difference of 18,385.91 BDT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

3.6723
3.3647
JanuMarcMayJulySeptNove

TRY to BDT 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 3.5315, compared to 3.4925 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0390 points.

H1 Avg (Jan–Jun) 3.5315
H2 Avg (Jul–Dec) 3.4925

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.2754 BDT (High: 3.6544 / Low: 3.3790). On the other end, October was the most stable month, with a tight range of 0.0213 BDT (High: 3.5029 / Low: 3.4815).

May Spread (Volatile) ±0.2754
October Spread (Stable) ±0.0213

Growth Streaks & Declines

Trends

Between April and June, 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 February and March, when the average rate fell by 0.1418 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.1418

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 3.6467) against the same month in 2023 (average: 5.5801), the exchange rate shifted by -1.9334 (-34.65%).

2024 Avg (January) 3.6467
2023 Avg (January) 5.5801

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 3.7243 3.6080 3.6467
February 3.6212 3.5078 3.5632
March 3.4950 3.3798 3.4215
April 3.4328 3.3565 3.3903
May 3.6544 3.3790 3.5634
June 3.6478 3.5675 3.6039
July 3.6092 3.5400 3.5684
August 3.5394 3.4743 3.5073
September 3.5253 3.4918 3.5085
October 3.5029 3.4815 3.4902
November 3.4964 3.4376 3.4676
December 3.4437 3.3792 3.4131