2024 TRY to GMD Historical Review

YEARLY HIGH

2.2787 GMD

YEARLY LOW

1.9697 GMD

YEARLY AVERAGE

2.0950 GMD

2024 TRY to GMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 2.2787. Conversely, the yearly low was recorded on October 8, dropping to 1.9697.

This high-to-low spread represents a total annual volatility of 0.3089 GMD. From a start-to-finish perspective, comparing the January average rate of 2.2363 to the December average rate of 2.0516, the exchange rate registered a net change of -8.26% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.2787 was down 31.55% compared to the 2023 peak of 3.3289, 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 113,934 GMD

2023 Average 134,458 GMD

Yearly Trough Low 98,487 GMD

Transaction Impact: A difference of 15,447.15 GMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.2577

2.0008

JanuMarcMayJulySeptNove

TRY to GMD 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 2.1378, compared to 2.0522 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0856 points.

H1 Avg (Jan–Jun) 2.1378

H2 Avg (Jul–Dec) 2.0522

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 0.0934 GMD (High: 2.0632 / Low: 1.9697). On the other end, May was the most stable month, with a tight range of 0.0244 GMD (High: 2.1106 / Low: 2.0861).

October Spread (Volatile) ±0.0934

May Spread (Stable) ±0.0244

Growth Streaks & Declines

Trends

No 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 0.0754 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0754

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 2.2363) against the same month in 2023 (average: 3.3026), the exchange rate shifted by -1.0663 (-32.29%).

2024 Avg (January) 2.2363

2023 Avg (January) 3.3026

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2787	2.2191	2.2363
February	2.2136	2.1632	2.1944
March	2.1639	2.0922	2.1190
April	2.1252	2.0812	2.0981
May	2.1106	2.0861	2.1002
June	2.1051	2.0560	2.0787
July	2.0946	2.0455	2.0604
August	2.1191	2.0479	2.0724
September	2.0894	2.0041	2.0422
October	2.0632	1.9697	2.0222
November	2.0903	2.0432	2.0643
December	2.0670	2.0357	2.0516