2024 TRY to INR Historical Review

YEARLY HIGH

2.8156 INR

YEARLY LOW

2.4137 INR

YEARLY AVERAGE

2.5488 INR

2024 TRY to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 2.8156. Conversely, the yearly low was recorded on December 20, dropping to 2.4137.

This high-to-low spread represents a total annual volatility of 0.4019 INR. From a start-to-finish perspective, comparing the January average rate of 2.7619 to the December average rate of 2.4285, the exchange rate registered a net change of -12.07% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.8156 was down 36.40% compared to the 2023 peak of 4.4271, 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 140,781 INR

2023 Average 178,730 INR

Yearly Trough Low 120,684 INR

Transaction Impact: A difference of 20,096.82 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.7952

2.3952

JanuMarcMayJulySeptNove

TRY to INR 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 2.6280, compared to 2.4697 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1583 points.

H1 Avg (Jan–Jun) 2.6280

H2 Avg (Jul–Dec) 2.4697

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.0804 INR (High: 2.8156 / Low: 2.7352). On the other end, October was the most stable month, with a tight range of 0.0103 INR (High: 2.4594 / Low: 2.4491).

January Spread (Volatile) ±0.0804

October Spread (Stable) ±0.0103

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 0.1025 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.1025

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 2.7619) against the same month in 2023 (average: 4.3516), the exchange rate shifted by -1.5897 (-36.53%).

2024 Avg (January) 2.7619

2023 Avg (January) 4.3516

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8156	2.7352	2.7619
February	2.7240	2.6494	2.6933
March	2.6393	2.5608	2.5909
April	2.6117	2.5559	2.5777
May	2.5931	2.5682	2.5832
June	2.5884	2.5314	2.5609
July	2.5645	2.5231	2.5395
August	2.5247	2.4585	2.4892
September	2.4744	2.4455	2.4600
October	2.4594	2.4491	2.4531
November	2.4631	2.4333	2.4476
December	2.4382	2.4137	2.4285