2024 TRY to EUR Historical Review

YEARLY HIGH

0.0307 EUR

YEARLY LOW

0.0262 EUR

YEARLY AVERAGE

0.0282 EUR

2024 TRY to EUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to EUR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.0307. Conversely, the yearly low was recorded on September 26, dropping to 0.0262.

This high-to-low spread represents a total annual volatility of 0.0045 EUR. From a start-to-finish perspective, comparing the January average rate of 0.0305 to the December average rate of 0.0273, the exchange rate registered a net change of -10.43% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0307 was down 39.33% compared to the 2023 peak of 0.0506, 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 1,536 EUR

2023 Average 2,002 EUR

Yearly Trough Low 1,309 EUR

Transaction Impact: A difference of 227.35 EUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0309

0.0260

JanuMarcMayJulySeptNove

TRY to EUR 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 0.0292, compared to 0.0271 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0021 points.

H1 Avg (Jan–Jun) 0.0292

H2 Avg (Jul–Dec) 0.0271

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0017 EUR (High: 0.0280 / Low: 0.0263). On the other end, May was the most stable month, with a tight range of 0.0003 EUR (High: 0.0288 / Low: 0.0285).

August Spread (Volatile) ±0.0017

May Spread (Stable) ±0.0003

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 0.0014 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0014

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0305) against the same month in 2023 (average: 0.0494), the exchange rate shifted by -0.0189 (-38.29%).

2024 Avg (January) 0.0305

2023 Avg (January) 0.0494

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0307	0.0303	0.0305
February	0.0305	0.0296	0.0301
March	0.0294	0.0282	0.0287
April	0.0290	0.0286	0.0288
May	0.0288	0.0285	0.0287
June	0.0288	0.0282	0.0285
July	0.0286	0.0276	0.0280
August	0.0280	0.0263	0.0269
September	0.0267	0.0262	0.0264
October	0.0271	0.0264	0.0268
November	0.0278	0.0267	0.0273
December	0.0276	0.0272	0.0273