2019 TOP to TRY Historical Review

YEARLY HIGH

2.6965 TRY

YEARLY LOW

2.3037 TRY

YEARLY AVERAGE

2.4799 TRY

2019 TOP to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the TOP to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on May 8, valuing the pair at 2.6965. Conversely, the yearly low was recorded on January 31, dropping to 2.3037.

This high-to-low spread represents a total annual volatility of 0.3929 TRY. From a start-to-finish perspective, comparing the January average rate of 2.3638 to the December average rate of 2.5473, the exchange rate registered a net change of 7.76% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 2.6965 was down 10.37% compared to the 2018 peak of 3.0086, 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 13,483 TRY

2018 Average 10,638 TRY

Yearly Trough Low 11,518 TRY

Transaction Impact: A difference of 1,964.45 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

2.6659

2.3062

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 2.4745, compared to 2.4853 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0108 points.

H1 Avg (Jan–Jun) 2.4745

H2 Avg (Jul–Dec) 2.4853

Volatility Range Comparison

Volatility

The most volatile month in 2019 was March, with a trading range of 0.1783 TRY (High: 2.5532 / Low: 2.3749). On the other end, November was the most stable month, with a tight range of 0.0506 TRY (High: 2.5088 / Low: 2.4582).

March Spread (Volatile) ±0.1783

November Spread (Stable) ±0.0506

Growth Streaks & Declines

Trends

Between February and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0942 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0942

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2019: 2.6359) against the same month in 2018 (average: 1.9551), the exchange rate shifted by +0.6808 (+34.82%).

2019 Avg (May) 2.6359

2018 Avg (May) 1.9551

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4309	2.3037	2.3638
February	2.3666	2.3118	2.3362
March	2.5532	2.3749	2.4241
April	2.6216	2.4757	2.5451
May	2.6965	2.5415	2.6359
June	2.5780	2.5051	2.5417
July	2.5239	2.4308	2.4890
August	2.5152	2.3733	2.4423
September	2.5082	2.4273	2.4632
October	2.5522	2.4426	2.4923
November	2.5088	2.4582	2.4775
December	2.6128	2.4742	2.5473