2024 TRY to MMK Historical Review

YEARLY HIGH

98.3105 MMK

YEARLY LOW

59.3231 MMK

YEARLY AVERAGE

64.6254 MMK

2024 TRY to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 20, valuing the pair at 98.3105. Conversely, the yearly low was recorded on December 31, dropping to 59.3231.

This high-to-low spread represents a total annual volatility of 38.9874 MMK. From a start-to-finish perspective, comparing the January average rate of 69.7749 to the December average rate of 59.9387, the exchange rate registered a net change of -14.10% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 98.3105 was down 12.64% compared to the 2023 peak of 112.5411, 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 4,915,526 MMK

2023 Average 4,547,442 MMK

Yearly Trough Low 2,966,155 MMK

Transaction Impact: A difference of 1,949,370.87 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

70.7585

58.9551

JanuMarcMayJulySeptNove

TRY to MMK 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 66.7462, compared to 62.5047 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 4.2414 points.

H1 Avg (Jan–Jun) 66.7462

H2 Avg (Jul–Dec) 62.5047

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 35.0816 MMK (High: 98.3105 / Low: 63.2290). On the other end, October was the most stable month, with a tight range of 0.2364 MMK (High: 61.3976 / Low: 61.1612).

July Spread (Volatile) ±35.0816

October Spread (Stable) ±0.2364

Growth Streaks & Declines

Trends

Between April and July, 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 6.8822 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -6.8822

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2024: 69.1399) against the same month in 2023 (average: 79.2471), the exchange rate shifted by -10.1072 (-12.75%).

2024 Avg (July) 69.1399

2023 Avg (July) 79.2471

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	71.2655	69.0362	69.7749
February	69.2895	67.1245	68.1799
March	66.8703	64.6689	65.4690
April	65.6847	64.2265	64.8666
May	65.3974	64.6557	65.0563
June	75.8106	63.6487	67.1303
July	98.3105	63.2290	69.1399
August	63.2513	61.4449	62.2577
September	61.8580	61.3285	61.5868
October	61.3976	61.1612	61.2358
November	61.3344	60.4828	60.8695
December	60.4380	59.3231	59.9387