2018 TOP to TRY Historical Review

YEARLY HIGH

3.0086 TRY

YEARLY LOW

1.6551 TRY

YEARLY AVERAGE

2.1254 TRY

2018 TOP to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the TOP to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on August 13, valuing the pair at 3.0086. Conversely, the yearly low was recorded on January 7, dropping to 1.6551.

This high-to-low spread represents a total annual volatility of 1.3535 TRY. From a start-to-finish perspective, comparing the January average rate of 1.6784 to the December average rate of 2.3322, the exchange rate registered a net change of 38.96% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 3.0086 was up 73.21% compared to the 2017 peak of 1.7370, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 TOP based on timing:

Yearly Peak High 15,043 TRY

2017 Average 8,048 TRY

Yearly Trough Low 8,275 TRY

Transaction Impact: A difference of 6,767.60 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

2.8384

1.5729

JanuMarcMayJulySeptNove

TOP 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 1.8246, compared to 2.4261 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6016 points.

H1 Avg (Jan–Jun) 1.8246

H2 Avg (Jul–Dec) 2.4261

Volatility Range Comparison

Volatility

The most volatile month in 2018 was August, with a trading range of 0.8517 TRY (High: 3.0086 / Low: 2.1569). On the other end, February was the most stable month, with a tight range of 0.0344 TRY (High: 1.7250 / Low: 1.6907).

August Spread (Volatile) ±0.8517

February Spread (Stable) ±0.0344

Growth Streaks & Declines

Trends

Between January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.2100 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.2100

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2018: 2.5705) against the same month in 2017 (average: 1.5914), the exchange rate shifted by +0.9791 (+61.52%).

2018 Avg (August) 2.5705

2017 Avg (August) 1.5914

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.7117	1.6551	1.6784
February	1.7250	1.6907	1.7096
March	1.7994	1.7131	1.7510
April	1.8647	1.7734	1.8269
May	2.0875	1.8248	1.9551
June	2.0848	1.9692	2.0263
July	2.1205	1.9750	2.0614
August	3.0086	2.1569	2.5705
September	2.8831	2.6009	2.7329
October	2.6871	2.3751	2.5229
November	2.3985	2.2577	2.3368
December	2.3858	2.2693	2.3322