2024 TRY to CAD Historical Review

YEARLY HIGH

0.0449 CAD

YEARLY LOW

0.0393 CAD

YEARLY AVERAGE

0.0417 CAD

2024 TRY to CAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.0449. Conversely, the yearly low was recorded on September 24, dropping to 0.0393.

This high-to-low spread represents a total annual volatility of 0.0055 CAD. From a start-to-finish perspective, comparing the January average rate of 0.0446 to the December average rate of 0.0407, the exchange rate registered a net change of -8.63% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0449 was down 38.64% compared to the 2023 peak of 0.0731, 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 2,243 CAD

2023 Average 2,925 CAD

Yearly Trough Low 1,967 CAD

Transaction Impact: A difference of 276.13 CAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0451

0.0393

JanuMarcMayJulySeptNove

TRY to CAD 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 0.0429, compared to 0.0406 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0023 points.

H1 Avg (Jan–Jun) 0.0429

H2 Avg (Jul–Dec) 0.0406

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0024 CAD (High: 0.0418 / Low: 0.0395). On the other end, May was the most stable month, with a tight range of 0.0004 CAD (High: 0.0426 / Low: 0.0422).

August Spread (Volatile) ±0.0024

May Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between September and December, 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 February and March, when the average rate fell by 0.0016 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0446) against the same month in 2023 (average: 0.0715), the exchange rate shifted by -0.0269 (-37.60%).

2024 Avg (January) 0.0446

2023 Avg (January) 0.0715

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0449	0.0441	0.0446
February	0.0443	0.0434	0.0438
March	0.0433	0.0416	0.0422
April	0.0426	0.0420	0.0423
May	0.0426	0.0422	0.0424
June	0.0426	0.0415	0.0420
July	0.0421	0.0412	0.0417
August	0.0418	0.0395	0.0406
September	0.0401	0.0393	0.0398
October	0.0406	0.0395	0.0402
November	0.0410	0.0403	0.0406
December	0.0413	0.0403	0.0407