2024 TRY to MXN Historical Review

YEARLY HIGH

0.5990 MXN

YEARLY LOW

0.5071 MXN

YEARLY AVERAGE

0.5566 MXN

2024 TRY to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 12, valuing the pair at 0.5990. Conversely, the yearly low was recorded on April 11, dropping to 0.5071.

This high-to-low spread represents a total annual volatility of 0.0920 MXN. From a start-to-finish perspective, comparing the January average rate of 0.5668 to the December average rate of 0.5786, the exchange rate registered a net change of 2.08% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5990 was down 42.57% compared to the 2023 peak of 1.0431, 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 29,952 MXN

2023 Average 38,615 MXN

Yearly Trough Low 25,355 MXN

Transaction Impact: A difference of 4,597.66 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5966

0.5125

JanuMarcMayJulySeptNove

TRY to MXN 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 0.5404, compared to 0.5727 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0323 points.

H1 Avg (Jan–Jun) 0.5404

H2 Avg (Jul–Dec) 0.5727

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0536 MXN (High: 0.5801 / Low: 0.5265). On the other end, January was the most stable month, with a tight range of 0.0138 MXN (High: 0.5741 / Low: 0.5604).

June Spread (Volatile) ±0.0536

January Spread (Stable) ±0.0138

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 0.0317 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0317

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.5896) against the same month in 2023 (average: 0.6063), the exchange rate shifted by -0.0167 (-2.75%).

2024 Avg (November) 0.5896

2023 Avg (November) 0.6063

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5741	0.5604	0.5668
February	0.5617	0.5448	0.5548
March	0.5421	0.5106	0.5231
April	0.5293	0.5071	0.5195
May	0.5278	0.5139	0.5206
June	0.5801	0.5265	0.5579
July	0.5669	0.5326	0.5500
August	0.5870	0.5529	0.5684
September	0.5902	0.5613	0.5753
October	0.5881	0.5624	0.5743
November	0.5990	0.5765	0.5896
December	0.5901	0.5702	0.5786

2024 TRY నుండి MXN చారిత్రక సమీక్ష