2024 TRY to HNL Historical Review

YEARLY HIGH

0.8373 HNL

YEARLY LOW

0.7184 HNL

YEARLY AVERAGE

0.7573 HNL

2024 TRY to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.8373. Conversely, the yearly low was recorded on December 21, dropping to 0.7184.

This high-to-low spread represents a total annual volatility of 0.1189 HNL. From a start-to-finish perspective, comparing the January average rate of 0.8204 to the December average rate of 0.7242, the exchange rate registered a net change of -11.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.8373 was down 36.66% compared to the 2023 peak of 1.3219, 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 41,866 HNL

2023 Average 53,419 HNL

Yearly Trough Low 35,920 HNL

Transaction Impact: A difference of 5,946.02 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.8301

0.7146

JanuMarcMayJulySeptNove

TRY to HNL 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 0.7807, compared to 0.7338 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0470 points.

H1 Avg (Jan–Jun) 0.7807

H2 Avg (Jul–Dec) 0.7338

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0280 HNL (High: 0.7889 / Low: 0.7610). On the other end, September was the most stable month, with a tight range of 0.0068 HNL (High: 0.7324 / Low: 0.7255).

March Spread (Volatile) ±0.0280

September Spread (Stable) ±0.0068

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 0.0313 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0313

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.8204) against the same month in 2023 (average: 1.3133), the exchange rate shifted by -0.4929 (-37.53%).

2024 Avg (January) 0.8204

2023 Avg (January) 1.3133

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8373	0.8131	0.8204
February	0.8139	0.7893	0.8025
March	0.7889	0.7610	0.7711
April	0.7751	0.7558	0.7634
May	0.7699	0.7614	0.7666
June	0.7704	0.7519	0.7605
July	0.7628	0.7464	0.7525
August	0.7480	0.7240	0.7356
September	0.7324	0.7255	0.7290
October	0.7367	0.7244	0.7303
November	0.7389	0.7230	0.7309
December	0.7297	0.7184	0.7242