2021 TRY to MVR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 TRY to MVR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the TRY to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 15, valuing the pair at 2.2135. Conversely, the yearly low was recorded on December 19, dropping to 0.9239.
This high-to-low spread represents a total annual volatility of 1.2896 MVR. From a start-to-finish perspective, comparing the January average rate of 2.0817 to the December average rate of 1.1623, the exchange rate registered a net change of -44.17% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2021 high of 2.2135 was down 16.15% compared to the 2020 peak of 2.6400, 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 2021.
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 1.9626, compared to 1.6163 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3463 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was December, with a trading range of 0.5207 MVR (High: 1.4446 / Low: 0.9239). On the other end, July was the most stable month, with a tight range of 0.0561 MVR (High: 1.8275 / Low: 1.7715).
Growth Streaks & Declines
TrendsBetween June and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.2829 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2021: 2.1694) against the same month in 2020 (average: 2.5475), the exchange rate shifted by -0.3780 (-14.84%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 2.1146 | 2.0570 | 2.0817 |
| February | 2.2135 | 2.0740 | 2.1694 |
| March | 2.1415 | 1.8549 | 2.0095 |
| April | 1.9231 | 1.8352 | 1.8886 |
| May | 1.8729 | 1.8010 | 1.8378 |
| June | 1.8422 | 1.7576 | 1.7885 |
| July | 1.8275 | 1.7715 | 1.7930 |
| August | 1.8572 | 1.7866 | 1.8225 |
| September | 1.8649 | 1.7313 | 1.8018 |
| October | 1.7453 | 1.5892 | 1.6729 |
| November | 1.6185 | 1.1439 | 1.4452 |
| December | 1.4446 | 0.9239 | 1.1623 |