2014 TRY to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2014.
2014 TRY to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2014
During 2014, the TRY to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 1, valuing the pair at 82.4903. Conversely, the yearly low was recorded on January 25, dropping to 68.8066.
This high-to-low spread represents a total annual volatility of 13.6837 NGN. From a start-to-finish perspective, comparing the January average rate of 72.1782 to the December average rate of 79.3221, the exchange rate registered a net change of 9.90% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2014 high of 82.4903 was down 8.20% compared to the 2013 peak of 89.8589, 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 2014.
TRY to NGN 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 75.2409, compared to 75.7645 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5236 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2014 was November, with a trading range of 6.9219 NGN (High: 80.4050 / Low: 73.4831). On the other end, August was the most stable month, with a tight range of 1.7191 NGN (High: 76.0603 / Low: 74.3413).
Growth Streaks & Declines
TrendsBetween January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 1.5178 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2014: 79.3221) against the same month in 2013 (average: 76.9969), the exchange rate shifted by +2.3252 (+3.02%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 74.7110 | 68.8066 | 72.1782 |
| February | 75.8772 | 71.3807 | 74.1835 |
| March | 76.8479 | 73.5478 | 74.4382 |
| April | 77.9686 | 75.3452 | 76.3079 |
| May | 78.3867 | 75.6248 | 77.3413 |
| June | 78.7622 | 75.9253 | 76.9961 |
| July | 77.4846 | 75.7292 | 76.5783 |
| August | 76.0603 | 74.3413 | 75.0605 |
| September | 75.4301 | 71.8948 | 73.7170 |
| October | 75.2467 | 71.4037 | 73.0093 |
| November | 80.4050 | 73.4831 | 76.8997 |
| December | 82.4903 | 76.3944 | 79.3221 |