2024 TRY to KRW Historical Review

YEARLY HIGH

44.6266 KRW

YEARLY LOW

38.3442 KRW

YEARLY AVERAGE

41.5252 KRW

2024 TRY to KRW Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 44.6266. Conversely, the yearly low was recorded on September 29, dropping to 38.3442.

This high-to-low spread represents a total annual volatility of 6.2824 KRW. From a start-to-finish perspective, comparing the January average rate of 44.0206 to the December average rate of 41.1588, the exchange rate registered a net change of -6.50% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 44.6266 was down 36.25% compared to the 2023 peak of 69.9991, 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 2,231,332 KRW

2023 Average 2,825,538 KRW

Yearly Trough Low 1,917,212 KRW

Transaction Impact: A difference of 314,119.87 KRW purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

44.5182

38.5478

JanuMarcMayJulySeptNove

TRY to KRW 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 42.6356, compared to 40.4149 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.2207 points.

H1 Avg (Jan–Jun) 42.6356

H2 Avg (Jul–Dec) 40.4149

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 2.3705 KRW (High: 41.3086 / Low: 38.9381). On the other end, June was the most stable month, with a tight range of 0.8609 KRW (High: 42.8990 / Low: 42.0381).

August Spread (Volatile) ±2.3705

June Spread (Stable) ±0.8609

Growth Streaks & Declines

Trends

Between September and December, 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 1.9224 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.9224

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 44.0206) against the same month in 2023 (average: 66.1619), the exchange rate shifted by -22.1412 (-33.47%).

2024 Avg (January) 44.0206

2023 Avg (January) 66.1619

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	44.6266	43.3373	44.0206
February	43.8975	42.6868	43.2544
March	42.4308	40.8311	41.5639
April	42.8181	41.8941	42.3315
May	42.8944	41.7548	42.2648
June	42.8990	42.0381	42.3782
July	42.5987	41.2569	41.9907
August	41.3086	38.9381	40.0683
September	39.4822	38.3442	39.0453
October	40.5057	38.7056	39.7528
November	40.9692	39.9946	40.4731
December	41.9812	40.2031	41.1588