2020 TOP to TRY Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 TOP to TRY Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the TOP to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on November 6, valuing the pair at 3.7014. Conversely, the yearly low was recorded on January 16, dropping to 2.5499.
This high-to-low spread represents a total annual volatility of 1.1515 TRY. From a start-to-finish perspective, comparing the January average rate of 2.5798 to the December average rate of 3.3726, the exchange rate registered a net change of 30.73% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 3.7014 was up 37.27% compared to the 2019 peak of 2.6965, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 2.8061, compared to 3.2966 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4905 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was November, with a trading range of 0.4148 TRY (High: 3.7014 / Low: 3.2866). On the other end, January was the most stable month, with a tight range of 0.0636 TRY (High: 2.6136 / Low: 2.5499).
Growth Streaks & Declines
TrendsBetween January and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0889 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2020: 3.4615) against the same month in 2019 (average: 2.4775), the exchange rate shifted by +0.9840 (+39.72%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 2.6136 | 2.5499 | 2.5798 |
| February | 2.6924 | 2.5783 | 2.6190 |
| March | 2.8240 | 2.6249 | 2.7020 |
| April | 3.0303 | 2.8179 | 2.9334 |
| May | 3.1102 | 2.9221 | 3.0001 |
| June | 3.0362 | 2.9463 | 3.0024 |
| July | 3.0706 | 2.9911 | 3.0138 |
| August | 3.2464 | 3.0376 | 3.1916 |
| September | 3.3773 | 3.2566 | 3.3043 |
| October | 3.5882 | 3.3598 | 3.4356 |
| November | 3.7014 | 3.2866 | 3.4615 |
| December | 3.4451 | 3.2387 | 3.3726 |