2016 TRY to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 TRY to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the TRY to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on June 23, valuing the pair at 584.8877. Conversely, the yearly low was recorded on December 4, dropping to 471.7851.
This high-to-low spread represents a total annual volatility of 113.1026 BIF. From a start-to-finish perspective, comparing the January average rate of 520.3952 to the December average rate of 478.3071, the exchange rate registered a net change of -8.09% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2016 high of 584.8877 was down 14.90% compared to the 2015 peak of 687.2725, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 TRY based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
TRY to BIF 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 536.7753, compared to 534.9648 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.8105 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was June, with a trading range of 57.9980 BIF (High: 584.8877 / Low: 526.8898). On the other end, September was the most stable month, with a tight range of 12.9745 BIF (High: 567.8525 / Low: 554.8780).
Growth Streaks & Declines
TrendsBetween January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 34.5352 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2016: 550.7883) against the same month in 2015 (average: 580.5933), the exchange rate shifted by -29.8050 (-5.13%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 535.2150 | 509.2593 | 520.3952 |
| February | 536.3013 | 521.8984 | 529.7157 |
| March | 554.0973 | 533.7353 | 541.7535 |
| April | 557.1169 | 541.5919 | 547.9757 |
| May | 554.6866 | 521.5333 | 530.0234 |
| June | 584.8877 | 526.8898 | 550.7883 |
| July | 574.7902 | 537.9463 | 558.3458 |
| August | 568.5709 | 550.5081 | 561.4181 |
| September | 567.8525 | 554.8780 | 560.8767 |
| October | 555.1767 | 535.0361 | 542.6880 |
| November | 538.1955 | 483.5997 | 508.1528 |
| December | 492.2051 | 471.7851 | 478.3071 |