2024 TOP to TRY Historical Review

YEARLY HIGH

14.7693 TRY

YEARLY LOW

12.6792 TRY

YEARLY AVERAGE

13.8813 TRY

2024 TOP to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TOP to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 14.7693. Conversely, the yearly low was recorded on January 1, dropping to 12.6792.

This high-to-low spread represents a total annual volatility of 2.0902 TRY. From a start-to-finish perspective, comparing the January average rate of 12.7754 to the December average rate of 14.6181, the exchange rate registered a net change of 14.42% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 14.7693 was up 16.57% compared to the 2023 peak of 12.6701, 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 73,847 TRY

2023 Average 50,388 TRY

Yearly Trough Low 63,396 TRY

Transaction Impact: A difference of 10,450.84 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

14.8024

12.5911

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 13.3904, compared to 14.3722 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9818 points.

H1 Avg (Jan–Jun) 13.3904

H2 Avg (Jul–Dec) 14.3722

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.6701 TRY (High: 14.5989 / Low: 13.9288). On the other end, May was the most stable month, with a tight range of 0.1217 TRY (High: 13.6805 / Low: 13.5588).

August Spread (Volatile) ±0.6701

May Spread (Stable) ±0.1217

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 October and November, when the average rate fell by 0.0867 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0867

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 14.6181) against the same month in 2023 (average: 12.3845), the exchange rate shifted by +2.2336 (+18.04%).

2024 Avg (December) 14.6181

2023 Avg (December) 12.3845

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.8492	12.6792	12.7754
February	13.2150	12.8732	13.0113
March	13.6847	13.2281	13.5372
April	13.6411	13.4069	13.5732
May	13.6805	13.5588	13.6259
June	13.9673	13.6286	13.8192
July	14.0422	13.7729	13.9131
August	14.5989	13.9288	14.2560
September	14.6601	14.4030	14.5281
October	14.6554	14.3804	14.5023
November	14.4862	14.3528	14.4156
December	14.7693	14.4969	14.6181