YEARLY HIGH
247.2106 PYG
YEARLY LOW
220.5992 PYG
YEARLY AVERAGE
230.0344 PYG

2024 TRY to PYG Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to PYG exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 247.2106. Conversely, the yearly low was recorded on December 31, dropping to 220.5992.

This high-to-low spread represents a total annual volatility of 26.6114 PYG. From a start-to-finish perspective, comparing the January average rate of 241.9954 to the December average rate of 223.0281, the exchange rate registered a net change of -7.84% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 247.2106 was down 37.67% compared to the 2023 peak of 396.6172, 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 12,360,529 PYG
2023 Average 15,772,394 PYG
Yearly Trough Low 11,029,958 PYG
Transaction Impact: A difference of 1,330,571.07 PYG purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

243.8922
221.1314
JanuMarcMayJulySeptNove

TRY to PYG 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 233.1033, compared to 226.9655 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 6.1378 points.

H1 Avg (Jan–Jun) 233.1033
H2 Avg (Jul–Dec) 226.9655

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 7.8497 PYG (High: 247.2106 / Low: 239.3608). On the other end, May was the most stable month, with a tight range of 3.5531 PYG (High: 234.2800 / Low: 230.7269).

January Spread (Volatile) ±7.8497
May Spread (Stable) ±3.5531

Growth Streaks & Declines

Trends

Between March and May, 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 8.3335 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -8.3335

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 241.9954) against the same month in 2023 (average: 392.7541), the exchange rate shifted by -150.7587 (-38.39%).

2024 Avg (January) 241.9954
2023 Avg (January) 392.7541

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 247.2106 239.3608 241.9954
February 240.1606 233.2334 236.4875
March 232.8051 225.2881 228.1540
April 230.6792 226.2696 228.5636
May 234.2800 230.7269 232.4347
June 233.9131 228.6896 230.9845
July 231.4523 227.2036 229.3155
August 228.3070 221.4632 224.9356
September 229.3570 225.5988 227.8219
October 233.8467 227.4066 229.7768
November 230.1886 224.4050 226.9152
December 225.4567 220.5992 223.0281