2024 TRY to HKD Historical Review

YEARLY HIGH

0.2643 HKD

YEARLY LOW

0.2196 HKD

YEARLY AVERAGE

0.2378 HKD

2024 TRY to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.2643. Conversely, the yearly low was recorded on December 31, dropping to 0.2196.

This high-to-low spread represents a total annual volatility of 0.0447 HKD. From a start-to-finish perspective, comparing the January average rate of 0.2598 to the December average rate of 0.2221, the exchange rate registered a net change of -14.50% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2643 was down 36.72% compared to the 2023 peak of 0.4177, 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 13,215 HKD

2023 Average 16,965 HKD

Yearly Trough Low 10,982 HKD

Transaction Impact: A difference of 2,233.36 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2635

0.2183

JanuMarcMayJulySeptNove

TRY to HKD 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 0.2469, compared to 0.2287 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0182 points.

H1 Avg (Jan–Jun) 0.2469

H2 Avg (Jul–Dec) 0.2287

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0083 HKD (High: 0.2494 / Low: 0.2411). On the other end, October was the most stable month, with a tight range of 0.0009 HKD (High: 0.2274 / Low: 0.2265).

March Spread (Volatile) ±0.0083

October Spread (Stable) ±0.0009

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 0.0099 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0099

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.2598) against the same month in 2023 (average: 0.4164), the exchange rate shifted by -0.1566 (-37.62%).

2024 Avg (January) 0.2598

2023 Avg (January) 0.4164

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2643	0.2574	0.2598
February	0.2568	0.2501	0.2539
March	0.2494	0.2411	0.2440
April	0.2450	0.2401	0.2420
May	0.2431	0.2409	0.2421
June	0.2430	0.2370	0.2396
July	0.2400	0.2355	0.2372
August	0.2356	0.2284	0.2314
September	0.2300	0.2272	0.2287
October	0.2274	0.2265	0.2268
November	0.2273	0.2243	0.2257
December	0.2242	0.2196	0.2221