2024 TRY to AFN Historical Review

YEARLY HIGH

2.4672 AFN

YEARLY LOW

1.9034 AFN

YEARLY AVERAGE

2.1502 AFN

2024 TRY to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 3, valuing the pair at 2.4672. Conversely, the yearly low was recorded on October 17, dropping to 1.9034.

This high-to-low spread represents a total annual volatility of 0.5639 AFN. From a start-to-finish perspective, comparing the January average rate of 2.3771 to the December average rate of 1.9833, the exchange rate registered a net change of -16.56% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.4672 was down 48.87% compared to the 2023 peak of 4.8257, 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 123,361 AFN

2023 Average 181,255 AFN

Yearly Trough Low 95,168 AFN

Transaction Impact: A difference of 28,192.79 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.4189

1.9163

JanuMarcMayJulySeptNove

TRY to AFN 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 2.2678, compared to 2.0327 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2351 points.

H1 Avg (Jan–Jun) 2.2678

H2 Avg (Jul–Dec) 2.0327

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.1480 AFN (High: 2.4672 / Low: 2.3192). On the other end, April was the most stable month, with a tight range of 0.0465 AFN (High: 2.2391 / Low: 2.1926).

February Spread (Volatile) ±0.1480

April Spread (Stable) ±0.0465

Growth Streaks & Declines

Trends

Between October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.1236 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1236

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 2.3752) against the same month in 2023 (average: 4.7563), the exchange rate shifted by -2.3811 (-50.06%).

2024 Avg (February) 2.3752

2023 Avg (February) 4.7563

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4479	2.3263	2.3771
February	2.4672	2.3192	2.3752
March	2.3097	2.1990	2.2516
April	2.2391	2.1926	2.2183
May	2.2403	2.1864	2.2211
June	2.2242	2.1354	2.1636
July	2.1807	2.1194	2.1495
August	2.1402	2.0696	2.1009
September	2.0879	1.9905	2.0405
October	2.0089	1.9034	1.9582
November	1.9903	1.9315	1.9636
December	2.0085	1.9410	1.9833