2024 TRY to IDR Historical Review

YEARLY HIGH

522.3699 IDR

YEARLY LOW

442.5994 IDR

YEARLY AVERAGE

483.3963 IDR

2024 TRY to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 522.3699. Conversely, the yearly low was recorded on September 29, dropping to 442.5994.

This high-to-low spread represents a total annual volatility of 79.7705 IDR. From a start-to-finish perspective, comparing the January average rate of 519.1000 to the December average rate of 458.9933, the exchange rate registered a net change of -11.58% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 522.3699 was down 37.29% compared to the 2023 peak of 832.9639, 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 26,118,495 IDR

2023 Average 32,959,190 IDR

Yearly Trough Low 22,129,972 IDR

Transaction Impact: A difference of 3,988,522.64 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

526.0016

443.1821

JanuMarcMayJulySeptNove

TRY to IDR 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 502.5431, compared to 464.2494 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 38.2937 points.

H1 Avg (Jan–Jun) 502.5431

H2 Avg (Jul–Dec) 464.2494

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 38.5964 IDR (High: 491.0571 / Low: 452.4607). On the other end, January was the most stable month, with a tight range of 6.1964 IDR (High: 522.3699 / Low: 516.1735).

August Spread (Volatile) ±38.5964

January Spread (Stable) ±6.1964

Growth Streaks & Declines

Trends

Between March and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 25.9240 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -25.9240

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 519.1000) against the same month in 2023 (average: 811.6333), the exchange rate shifted by -292.5333 (-36.04%).

2024 Avg (January) 519.1000

2023 Avg (January) 811.6333

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	522.3699	516.1735	519.1000
February	516.7178	501.3791	508.4594
March	500.2230	484.0170	490.2376
April	502.4762	493.1383	497.7171
May	504.1264	493.5665	497.8238
June	505.6312	497.9157	501.9207
July	503.6879	487.0012	493.6027
August	491.0571	452.4607	467.6787
September	458.6230	442.5994	450.0838
October	460.1273	446.9359	455.5552
November	462.7828	453.3133	459.5829
December	464.6697	455.4900	458.9933