2024 TRY to MVR Historical Review

YEARLY HIGH

0.5211 MVR

YEARLY LOW

0.4355 MVR

YEARLY AVERAGE

0.4693 MVR

2024 TRY to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.5211. Conversely, the yearly low was recorded on December 31, dropping to 0.4355.

This high-to-low spread represents a total annual volatility of 0.0857 MVR. From a start-to-finish perspective, comparing the January average rate of 0.5118 to the December average rate of 0.4402, the exchange rate registered a net change of -13.99% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5211 was down 36.75% compared to the 2023 peak of 0.8239, 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 26,057 MVR

2023 Average 33,297 MVR

Yearly Trough Low 21,773 MVR

Transaction Impact: A difference of 4,284.53 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5190

0.4330

JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.4868, compared to 0.4518 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0350 points.

H1 Avg (Jan–Jun) 0.4868

H2 Avg (Jul–Dec) 0.4518

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0354 MVR (High: 0.4814 / Low: 0.4460). On the other end, October was the most stable month, with a tight range of 0.0018 MVR (High: 0.4492 / Low: 0.4475).

May Spread (Volatile) ±0.0354

October Spread (Stable) ±0.0018

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 0.0183 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0183

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.5118) against the same month in 2023 (average: 0.8191), the exchange rate shifted by -0.3073 (-37.52%).

2024 Avg (January) 0.5118

2023 Avg (January) 0.8191

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5211	0.5072	0.5118
February	0.5058	0.4929	0.4997
March	0.4906	0.4762	0.4814
April	0.4839	0.4736	0.4775
May	0.4814	0.4460	0.4780
June	0.4790	0.4657	0.4723
July	0.4733	0.4629	0.4677
August	0.4629	0.4499	0.4564
September	0.4529	0.4489	0.4508
October	0.4492	0.4475	0.4482
November	0.4502	0.4454	0.4478
December	0.4454	0.4355	0.4402