2024 TRY to AED Historical Review

YEARLY HIGH

0.1243 AED

YEARLY LOW

0.1039 AED

YEARLY AVERAGE

0.1119 AED

2024 TRY to AED Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to AED exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.1243. Conversely, the yearly low was recorded on December 31, dropping to 0.1039.

This high-to-low spread represents a total annual volatility of 0.0204 AED. From a start-to-finish perspective, comparing the January average rate of 0.1221 to the December average rate of 0.1049, the exchange rate registered a net change of -14.03% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1243 was down 36.75% compared to the 2023 peak of 0.1965, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 6,214 AED

2023 Average 7,957 AED

Yearly Trough Low 5,193 AED

Transaction Impact: A difference of 1,021.55 AED purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1238

0.1032

JanuMarcMayJulySeptNove

TRY to AED 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 0.1160, compared to 0.1078 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0081 points.

H1 Avg (Jan–Jun) 0.1160

H2 Avg (Jul–Dec) 0.1078

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0039 AED (High: 0.1170 / Low: 0.1131). On the other end, October was the most stable month, with a tight range of 0.0004 AED (High: 0.1075 / Low: 0.1071).

March Spread (Volatile) ±0.0039

October Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0047 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0047

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.1221) against the same month in 2023 (average: 0.1956), the exchange rate shifted by -0.0735 (-37.59%).

2024 Avg (January) 0.1221

2023 Avg (January) 0.1956

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1243	0.1210	0.1221
February	0.1206	0.1174	0.1192
March	0.1170	0.1131	0.1146
April	0.1149	0.1126	0.1135
May	0.1144	0.1131	0.1138
June	0.1141	0.1115	0.1127
July	0.1128	0.1107	0.1116
August	0.1107	0.1076	0.1090
September	0.1083	0.1074	0.1078
October	0.1075	0.1071	0.1072
November	0.1074	0.1059	0.1066
December	0.1058	0.1039	0.1049