YEARLY HIGH
7.4769 ETB
YEARLY LOW
5.7789 ETB
YEARLY AVERAGE
6.5690 ETB

2017 TRY to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the TRY to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on October 16, valuing the pair at 7.4769. Conversely, the yearly low was recorded on January 11, dropping to 5.7789.

This high-to-low spread represents a total annual volatility of 1.6981 ETB. From a start-to-finish perspective, comparing the January average rate of 6.0333 to the December average rate of 7.1277, the exchange rate registered a net change of 18.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 7.4769 was down 3.22% compared to the 2016 peak of 7.7260, 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 373,845 ETB
2016 Average 362,012 ETB
Yearly Trough Low 288,943 ETB
Transaction Impact: A difference of 84,902.75 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

7.2371
5.9238
JanuMarcMayJulySeptNove

TRY to ETB 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 6.2822, compared to 6.8558 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5736 points.

H1 Avg (Jan–Jun) 6.2822
H2 Avg (Jul–Dec) 6.8558

Volatility Range Comparison

Volatility

The most volatile month in 2017 was October, with a trading range of 1.1554 ETB (High: 7.4769 / Low: 6.3215). On the other end, May was the most stable month, with a tight range of 0.1583 ETB (High: 6.5107 / Low: 6.3524).

October Spread (Volatile) ±1.1554
May Spread (Stable) ±0.1583

Growth Streaks & Declines

Trends

Between March and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0297 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0297

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2017: 7.0286) against the same month in 2016 (average: 7.2268), the exchange rate shifted by -0.1982 (-2.74%).

2017 Avg (October) 7.0286
2016 Avg (October) 7.2268

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 6.3768 5.7789 6.0333
February 6.3736 5.9879 6.1921
March 6.3296 5.9989 6.1910
April 6.4770 6.1044 6.2649
May 6.5107 6.3524 6.4485
June 6.6709 6.4702 6.5634
July 6.6191 6.4239 6.5337
August 6.8293 6.5589 6.6540
September 6.9097 6.5954 6.7745
October 7.4769 6.3215 7.0286
November 7.1964 6.8753 7.0161
December 7.2512 6.9756 7.1277