YEARLY HIGH
281.6032 BIF
YEARLY LOW
120.3511 BIF
YEARLY AVERAGE
228.6951 BIF

2021 TRY to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TRY to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 19, valuing the pair at 281.6032. Conversely, the yearly low was recorded on December 19, dropping to 120.3511.

This high-to-low spread represents a total annual volatility of 161.2521 BIF. From a start-to-finish perspective, comparing the January average rate of 263.0662 to the December average rate of 150.3772, the exchange rate registered a net change of -42.84% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 281.6032 was down 12.52% compared to the 2020 peak of 321.9004, 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 14,080,159 BIF
2020 Average 13,745,043 BIF
Yearly Trough Low 6,017,553 BIF
Transaction Impact: A difference of 8,062,606.01 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

287.1261
137.9455
JanuMarcMayJulySeptNove

TRY to BIF 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 249.1506, compared to 208.2396 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 40.9109 points.

H1 Avg (Jan–Jun) 249.1506
H2 Avg (Jul–Dec) 208.2396

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 66.8355 BIF (High: 187.1866 / Low: 120.3511). On the other end, July was the most stable month, with a tight range of 7.0455 BIF (High: 234.3836 / Low: 227.3380).

December Spread (Volatile) ±66.8355
July Spread (Stable) ±7.0455

Growth Streaks & Declines

Trends

Between June and August, 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 36.1629 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -36.1629

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2021: 274.6944) against the same month in 2020 (average: 311.2696), the exchange rate shifted by -36.5752 (-11.75%).

2021 Avg (February) 274.6944
2020 Avg (February) 311.2696

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 267.9462 259.3579 263.0662
February 281.6032 261.8267 274.6944
March 272.1253 234.6775 254.5005
April 243.8390 231.3359 238.8021
May 238.4117 230.1346 234.7346
June 235.7490 225.5522 229.1056
July 234.3836 227.3380 230.5897
August 238.3987 229.0782 233.9830
September 239.6327 223.0952 232.1336
October 225.2567 204.7163 215.8141
November 208.6186 147.5220 186.5402
December 187.1866 120.3511 150.3772