2024 TRY to NAD Historical Review

YEARLY HIGH

0.6335 NAD

YEARLY LOW

0.5022 NAD

YEARLY AVERAGE

0.5589 NAD

2024 TRY to NAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to NAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 22, valuing the pair at 0.6335. Conversely, the yearly low was recorded on September 30, dropping to 0.5022.

This high-to-low spread represents a total annual volatility of 0.1313 NAD. From a start-to-finish perspective, comparing the January average rate of 0.6243 to the December average rate of 0.5207, the exchange rate registered a net change of -16.59% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.6335 was down 35.87% compared to the 2023 peak of 0.9878, 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 31,675 NAD

2023 Average 39,948 NAD

Yearly Trough Low 25,112 NAD

Transaction Impact: A difference of 6,562.90 NAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6354

0.5019

JanuMarcMayJulySeptNove

TRY to NAD 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 0.5912, compared to 0.5267 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0645 points.

H1 Avg (Jan–Jun) 0.5912

H2 Avg (Jul–Dec) 0.5267

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0432 NAD (High: 0.5879 / Low: 0.5447). On the other end, October was the most stable month, with a tight range of 0.0112 NAD (High: 0.5170 / Low: 0.5057).

June Spread (Volatile) ±0.0432

October Spread (Stable) ±0.0112

Growth Streaks & Declines

Trends

Between October and December, 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 February and March, when the average rate fell by 0.0277 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0277

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.6243) against the same month in 2023 (average: 0.9094), the exchange rate shifted by -0.2851 (-31.35%).

2024 Avg (January) 0.6243

2023 Avg (January) 0.9094

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6335	0.6134	0.6243
February	0.6245	0.6091	0.6159
March	0.6087	0.5775	0.5881
April	0.5902	0.5730	0.5837
May	0.5745	0.5619	0.5697
June	0.5879	0.5447	0.5654
July	0.5671	0.5424	0.5539
August	0.5561	0.5177	0.5352
September	0.5286	0.5022	0.5172
October	0.5170	0.5057	0.5130
November	0.5302	0.5080	0.5202
December	0.5337	0.5053	0.5207