YEARLY HIGH
321.9004 BIF
YEARLY LOW
227.5660 BIF
YEARLY AVERAGE
274.9801 BIF

2020 TRY to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the TRY to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 16, valuing the pair at 321.9004. Conversely, the yearly low was recorded on November 7, dropping to 227.5660.

This high-to-low spread represents a total annual volatility of 94.3345 BIF. From a start-to-finish perspective, comparing the January average rate of 318.1090 to the December average rate of 252.2803, the exchange rate registered a net change of -20.69% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 321.9004 was down 8.06% compared to the 2019 peak of 350.1131, 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 16,095,022 BIF
2019 Average 16,224,144 BIF
Yearly Trough Low 11,378,299 BIF
Transaction Impact: A difference of 4,716,723.18 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

325.5720
236.0165
JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 293.1950, compared to 256.7653 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 36.4297 points.

H1 Avg (Jan–Jun) 293.1950
H2 Avg (Jul–Dec) 256.7653

Volatility Range Comparison

Volatility

The most volatile month in 2020 was November, with a trading range of 29.4533 BIF (High: 257.0193 / Low: 227.5660). On the other end, June was the most stable month, with a tight range of 5.9172 BIF (High: 283.4656 / Low: 277.5484).

November Spread (Volatile) ±29.4533
June Spread (Stable) ±5.9172

Growth Streaks & Declines

Trends

Between May and July, 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 March and April, when the average rate fell by 21.3851 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -21.3851

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2020: 318.1090) against the same month in 2019 (average: 336.8626), the exchange rate shifted by -18.7536 (-5.57%).

2020 Avg (January) 318.1090
2019 Avg (January) 336.8626

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 321.9004 315.1794 318.1090
February 316.1150 302.7536 311.2696
March 310.7767 286.4692 298.2275
April 286.4054 270.7475 276.8424
May 282.1315 264.6424 274.9542
June 283.4656 277.5484 279.7672
July 282.0539 276.0762 280.0414
August 278.1030 260.7357 265.0441
September 261.7593 247.0363 255.9272
October 249.2573 232.4244 243.4795
November 257.0193 227.5660 243.8192
December 263.0981 246.1716 252.2803