YEARLY HIGH
1.1822 THB
YEARLY LOW
0.9471 THB
YEARLY AVERAGE
1.0754 THB

2024 TRY to THB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to THB exchange rate experienced significant fluctuation. The market reached its absolute peak on January 24, valuing the pair at 1.1822. Conversely, the yearly low was recorded on September 27, dropping to 0.9471.

This high-to-low spread represents a total annual volatility of 0.2351 THB. From a start-to-finish perspective, comparing the January average rate of 1.1688 to the December average rate of 0.9758, the exchange rate registered a net change of -16.51% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.1822 was down 36.64% compared to the 2023 peak of 1.8659, 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 59,111 THB
2023 Average 75,067 THB
Yearly Trough Low 47,356 THB
Transaction Impact: A difference of 11,755.03 THB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.1883
0.9548
JanuMarcMayJulySeptNove

TRY to THB 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 1.1416, compared to 1.0093 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1323 points.

H1 Avg (Jan–Jun) 1.1416
H2 Avg (Jul–Dec) 1.0093

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0774 THB (High: 1.0730 / Low: 0.9955). On the other end, December was the most stable month, with a tight range of 0.0263 THB (High: 0.9931 / Low: 0.9668).

August Spread (Volatile) ±0.0774
December Spread (Stable) ±0.0263

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 July and August, when the average rate fell by 0.0704 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0704

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 1.1688) against the same month in 2023 (average: 1.7682), the exchange rate shifted by -0.5994 (-33.90%).

2024 Avg (January) 1.1688
2023 Avg (January) 1.7682

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.1822 1.1522 1.1688
February 1.1745 1.1463 1.1635
March 1.1414 1.1050 1.1210
April 1.1485 1.1221 1.1359
May 1.1454 1.1188 1.1343
June 1.1402 1.1117 1.1260
July 1.1308 1.0699 1.1006
August 1.0730 0.9955 1.0301
September 1.0082 0.9471 0.9766
October 0.9859 0.9520 0.9743
November 1.0171 0.9775 0.9984
December 0.9931 0.9668 0.9758