YEARLY HIGH
1.2903 UAH
YEARLY LOW
1.1869 UAH
YEARLY AVERAGE
1.2223 UAH

2024 TRY to UAH Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to UAH exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 1.2903. Conversely, the yearly low was recorded on December 21, dropping to 1.1869.

This high-to-low spread represents a total annual volatility of 0.1034 UAH. From a start-to-finish perspective, comparing the January average rate of 1.2577 to the December average rate of 1.1935, the exchange rate registered a net change of -5.10% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.2903 was down 34.81% compared to the 2023 peak of 1.9793, 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 64,515 UAH
2023 Average 79,734 UAH
Yearly Trough Low 59,345 UAH
Transaction Impact: A difference of 5,169.82 UAH purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.2641
1.1871
JanuMarcMayJulySeptNove

TRY to UAH 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 1.2315, compared to 1.2131 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0184 points.

H1 Avg (Jan–Jun) 1.2315
H2 Avg (Jul–Dec) 1.2131

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.0562 UAH (High: 1.2903 / Low: 1.2341). On the other end, October was the most stable month, with a tight range of 0.0077 UAH (High: 1.2085 / Low: 1.2008).

January Spread (Volatile) ±0.0562
October Spread (Stable) ±0.0077

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0256 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0256

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 1.2577) against the same month in 2023 (average: 1.9573), the exchange rate shifted by -0.6996 (-35.74%).

2024 Avg (January) 1.2577
2023 Avg (January) 1.9573

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.2903 1.2341 1.2577
February 1.2453 1.2155 1.2332
March 1.2210 1.1873 1.2076
April 1.2269 1.2065 1.2168
May 1.2573 1.2151 1.2315
June 1.2570 1.2307 1.2422
July 1.2599 1.2355 1.2456
August 1.2400 1.2033 1.2220
September 1.2199 1.2045 1.2114
October 1.2085 1.2008 1.2046
November 1.2120 1.1883 1.2012
December 1.2023 1.1869 1.1935