2024 TRY to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 TRY to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the TRY to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 96.6667. Conversely, the yearly low was recorded on December 6, dropping to 83.3338.
This high-to-low spread represents a total annual volatility of 13.3329 BIF. From a start-to-finish perspective, comparing the January average rate of 94.8260 to the December average rate of 84.2129, the exchange rate registered a net change of -11.19% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 96.6667 was down 32.09% compared to the 2023 peak of 142.3523, 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 2024.
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 90.4358, compared to 85.2724 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 5.1634 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 3.1570 BIF (High: 91.3351 / Low: 88.1781). On the other end, September was the most stable month, with a tight range of 0.7649 BIF (High: 85.3610 / Low: 84.5962).
Growth Streaks & Declines
TrendsNo 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 3.5943 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 94.8260) against the same month in 2023 (average: 110.1606), the exchange rate shifted by -15.3346 (-13.92%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 96.6667 | 93.9278 | 94.8260 |
| February | 94.2173 | 91.3134 | 92.8320 |
| March | 91.3351 | 88.1781 | 89.2377 |
| April | 89.5342 | 87.7021 | 88.5483 |
| May | 89.3609 | 88.3181 | 88.9352 |
| June | 89.4453 | 87.2577 | 88.2354 |
| July | 88.4656 | 86.7624 | 87.4462 |
| August | 86.7899 | 84.2906 | 85.4801 |
| September | 85.3610 | 84.5962 | 84.9522 |
| October | 86.1019 | 84.3937 | 84.7909 |
| November | 86.0603 | 83.4705 | 84.7522 |
| December | 85.1619 | 83.3338 | 84.2129 |