2024 TRY to MYR Historical Review

YEARLY HIGH

0.1565 MYR

YEARLY LOW

0.1206 MYR

YEARLY AVERAGE

0.1396 MYR

2024 TRY to MYR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to MYR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.1565. Conversely, the yearly low was recorded on September 30, dropping to 0.1206.

This high-to-low spread represents a total annual volatility of 0.0359 MYR. From a start-to-finish perspective, comparing the January average rate of 0.1556 to the December average rate of 0.1274, the exchange rate registered a net change of -18.09% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1565 was down 34.46% compared to the 2023 peak of 0.2388, 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 7,825 MYR

2023 Average 9,833 MYR

Yearly Trough Low 6,028 MYR

Transaction Impact: A difference of 1,797.38 MYR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1587

0.1220

JanuMarcMayJulySeptNove

TRY to MYR 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 0.1492, compared to 0.1300 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0193 points.

H1 Avg (Jan–Jun) 0.1492

H2 Avg (Jul–Dec) 0.1300

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0113 MYR (High: 0.1377 / Low: 0.1265). On the other end, May was the most stable month, with a tight range of 0.0017 MYR (High: 0.1470 / Low: 0.1452).

August Spread (Volatile) ±0.0113

May Spread (Stable) ±0.0017

Growth Streaks & Declines

Trends

Between September and November, 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 July and August, when the average rate fell by 0.0112 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0112

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.1556) against the same month in 2023 (average: 0.2305), the exchange rate shifted by -0.0749 (-32.49%).

2024 Avg (January) 0.1556

2023 Avg (January) 0.2305

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1565	0.1544	0.1556
February	0.1559	0.1518	0.1547
March	0.1512	0.1455	0.1472
April	0.1488	0.1464	0.1472
May	0.1470	0.1452	0.1462
June	0.1463	0.1428	0.1445
July	0.1450	0.1385	0.1422
August	0.1377	0.1265	0.1310
September	0.1284	0.1206	0.1250
October	0.1277	0.1218	0.1254
November	0.1299	0.1265	0.1286
December	0.1286	0.1264	0.1274