2022 TOP to TRY Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 TOP to TRY Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the TOP to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 8.0007. Conversely, the yearly low was recorded on January 3, dropping to 5.7450.
This high-to-low spread represents a total annual volatility of 2.2557 TRY. From a start-to-finish perspective, comparing the January average rate of 5.9462 to the December average rate of 7.9491, the exchange rate registered a net change of 33.68% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2022 high of 8.0007 was up 10.01% compared to the 2021 peak of 7.2728, 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 2022.
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 6.4872, compared to 7.6980 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.2108 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was May, with a trading range of 0.7688 TRY (High: 7.1329 / Low: 6.3641). On the other end, December was the most stable month, with a tight range of 0.0978 TRY (High: 8.0007 / Low: 7.9029).
Growth Streaks & Declines
TrendsBetween January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0501 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2022: 7.9491) against the same month in 2021 (average: 5.8898), the exchange rate shifted by +2.0593 (+34.96%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 6.0929 | 5.7450 | 5.9462 |
| February | 6.2279 | 5.8855 | 6.0187 |
| March | 6.5964 | 6.0908 | 6.4569 |
| April | 6.5518 | 6.4174 | 6.4831 |
| May | 7.1329 | 6.3641 | 6.7241 |
| June | 7.4551 | 7.0840 | 7.2942 |
| July | 7.6810 | 7.1448 | 7.4230 |
| August | 7.7570 | 7.6434 | 7.7096 |
| September | 7.7327 | 7.6000 | 7.6801 |
| October | 7.7168 | 7.5588 | 7.6300 |
| November | 7.9067 | 7.6027 | 7.7963 |
| December | 8.0007 | 7.9029 | 7.9491 |