2024 TRY to CVE Historical Review

YEARLY HIGH

3.4030 CVE

YEARLY LOW

2.8878 CVE

YEARLY AVERAGE

3.1077 CVE

2024 TRY to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 3.4030. Conversely, the yearly low was recorded on September 30, dropping to 2.8878.

This high-to-low spread represents a total annual volatility of 0.5151 CVE. From a start-to-finish perspective, comparing the January average rate of 3.3610 to the December average rate of 3.0065, the exchange rate registered a net change of -10.55% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 3.4030 was down 39.08% compared to the 2023 peak of 5.5857, 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 170,148 CVE

2023 Average 221,208 CVE

Yearly Trough Low 144,391 CVE

Transaction Impact: A difference of 25,756.51 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

3.4053

2.8731

JanuMarcMayJulySeptNove

TRY to CVE 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 3.2225, compared to 2.9930 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2296 points.

H1 Avg (Jan–Jun) 3.2225

H2 Avg (Jul–Dec) 2.9930

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.1952 CVE (High: 3.0905 / Low: 2.8952). On the other end, December was the most stable month, with a tight range of 0.0407 CVE (High: 3.0257 / Low: 2.9851).

August Spread (Volatile) ±0.1952

December Spread (Stable) ±0.0407

Growth Streaks & Declines

Trends

Between September and November, 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 0.1522 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1522

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 3.3610) against the same month in 2023 (average: 5.4570), the exchange rate shifted by -2.0960 (-38.41%).

2024 Avg (January) 3.3610

2023 Avg (January) 5.4570

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3.4030	3.3405	3.3610
February	3.3644	3.2585	3.3200
March	3.2574	3.1304	3.1678
April	3.2016	3.1357	3.1744
May	3.2029	3.1387	3.1659
June	3.1761	3.1112	3.1461
July	3.1612	3.0474	3.0893
August	3.0905	2.8952	2.9774
September	2.9462	2.8878	2.9175
October	2.9864	2.9091	2.9566
November	3.0673	2.9492	3.0104
December	3.0257	2.9851	3.0065