YEARLY HIGH
1.9681 DOP
YEARLY LOW
1.7223 DOP
YEARLY AVERAGE
1.8101 DOP

2024 TRY to DOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to DOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 1.9681. Conversely, the yearly low was recorded on December 30, dropping to 1.7223.

This high-to-low spread represents a total annual volatility of 0.2458 DOP. From a start-to-finish perspective, comparing the January average rate of 1.9473 to the December average rate of 1.7340, the exchange rate registered a net change of -10.95% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.9681 was down 35.18% compared to the 2023 peak of 3.0364, 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 98,407 DOP
2023 Average 121,071 DOP
Yearly Trough Low 86,116 DOP
Transaction Impact: A difference of 12,291.19 DOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.9686
1.7126
JanuMarcMayJulySeptNove

TRY to DOP 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 1.8581, compared to 1.7621 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0960 points.

H1 Avg (Jan–Jun) 1.8581
H2 Avg (Jul–Dec) 1.7621

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0570 DOP (High: 1.9327 / Low: 1.8757). On the other end, October was the most stable month, with a tight range of 0.0121 DOP (High: 1.7679 / Low: 1.7558).

February Spread (Volatile) ±0.0570
October Spread (Stable) ±0.0121

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0648 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0648

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 1.9473) against the same month in 2023 (average: 3.0131), the exchange rate shifted by -1.0658 (-35.37%).

2024 Avg (January) 1.9473
2023 Avg (January) 3.0131

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.9681 1.9368 1.9473
February 1.9327 1.8757 1.9054
March 1.8700 1.8220 1.8406
April 1.8536 1.8030 1.8258
May 1.8375 1.7911 1.8120
June 1.8483 1.7927 1.8176
July 1.8157 1.7813 1.7967
August 1.7911 1.7446 1.7687
September 1.7735 1.7525 1.7615
October 1.7679 1.7558 1.7610
November 1.7625 1.7377 1.7508
December 1.7455 1.7223 1.7340