2017 TRY to MVR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 TRY to MVR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the TRY to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 7, valuing the pair at 4.5261. Conversely, the yearly low was recorded on November 28, dropping to 3.8606.
This high-to-low spread represents a total annual volatility of 0.6655 MVR. From a start-to-finish perspective, comparing the January average rate of 4.1096 to the December average rate of 4.0134, the exchange rate registered a net change of -2.34% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 4.5261 was down 17.22% compared to the 2016 peak of 5.4674, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 TRY based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
TRY to MVR Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 4.2574, compared to 4.2197 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0377 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was August, with a trading range of 0.4758 MVR (High: 4.4945 / Low: 4.0187). On the other end, June was the most stable month, with a tight range of 0.1016 MVR (High: 4.4741 / Low: 4.3725).
Growth Streaks & Declines
TrendsBetween 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 September and October, when the average rate fell by 0.2543 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2017: 4.4421) against the same month in 2016 (average: 5.1428), the exchange rate shifted by -0.7007 (-13.62%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4.3439 | 3.9709 | 4.1096 |
| February | 4.3495 | 4.0894 | 4.2222 |
| March | 4.2892 | 4.1224 | 4.2209 |
| April | 4.3386 | 4.1586 | 4.2316 |
| May | 4.4225 | 4.2386 | 4.3377 |
| June | 4.4741 | 4.3725 | 4.4226 |
| July | 4.4036 | 4.2685 | 4.3543 |
| August | 4.4945 | 4.0187 | 4.3744 |
| September | 4.5261 | 4.3042 | 4.4421 |
| October | 4.3222 | 4.0320 | 4.1878 |
| November | 4.0521 | 3.8606 | 3.9460 |
| December | 4.0795 | 3.9219 | 4.0134 |