2024 THB to TRY Historical Review

YEARLY HIGH

1.0558 TRY

YEARLY LOW

0.8459 TRY

YEARLY AVERAGE

0.9346 TRY

2024 THB to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the THB to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 1.0558. Conversely, the yearly low was recorded on January 24, dropping to 0.8459.

This high-to-low spread represents a total annual volatility of 0.2100 TRY. From a start-to-finish perspective, comparing the January average rate of 0.8556 to the December average rate of 1.0249, the exchange rate registered a net change of 19.78% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.0558 was up 22.50% compared to the 2023 peak of 0.8619, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 THB based on timing:

Yearly Peak High 263,960 TRY

2023 Average 170,851 TRY

Yearly Trough Low 211,468 TRY

Transaction Impact: A difference of 52,492.39 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.0435

0.8385

JanuMarcMayJulySeptNove

THB to TRY 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 0.8762, compared to 0.9929 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1167 points.

H1 Avg (Jan–Jun) 0.8762

H2 Avg (Jul–Dec) 0.9929

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0725 TRY (High: 1.0045 / Low: 0.9320). On the other end, April was the most stable month, with a tight range of 0.0205 TRY (High: 0.8912 / Low: 0.8707).

August Spread (Volatile) ±0.0725

April Spread (Stable) ±0.0205

Growth Streaks & Declines

Trends

Between April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0248 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0248

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 1.0244) against the same month in 2023 (average: 0.7544), the exchange rate shifted by +0.2700 (+35.79%).

2024 Avg (September) 1.0244

2023 Avg (September) 0.7544

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8679	0.8459	0.8556
February	0.8724	0.8514	0.8595
March	0.9050	0.8761	0.8921
April	0.8912	0.8707	0.8804
May	0.8938	0.8730	0.8816
June	0.8995	0.8771	0.8882
July	0.9347	0.8843	0.9088
August	1.0045	0.9320	0.9714
September	1.0558	0.9919	1.0244
October	1.0504	1.0143	1.0265
November	1.0230	0.9832	1.0017
December	1.0344	1.0070	1.0249