2024 TRY to NIO Historical Review

YEARLY HIGH

1.2420 NIO

YEARLY LOW

1.0406 NIO

YEARLY AVERAGE

1.1207 NIO

2024 TRY to NIO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to NIO exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 1.2420. Conversely, the yearly low was recorded on December 31, dropping to 1.0406.

This high-to-low spread represents a total annual volatility of 0.2014 NIO. From a start-to-finish perspective, comparing the January average rate of 1.2180 to the December average rate of 1.0509, the exchange rate registered a net change of -13.71% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.2420 was down 36.39% compared to the 2023 peak of 1.9526, 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 62,102 NIO

2023 Average 79,172 NIO

Yearly Trough Low 52,032 NIO

Transaction Impact: A difference of 10,069.40 NIO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.2347

1.0342

JanuMarcMayJulySeptNove

TRY to NIO 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 1.1608, compared to 1.0805 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0803 points.

H1 Avg (Jan–Jun) 1.1608

H2 Avg (Jul–Dec) 1.0805

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0393 NIO (High: 1.1717 / Low: 1.1324). On the other end, October was the most stable month, with a tight range of 0.0061 NIO (High: 1.0787 / Low: 1.0725).

March Spread (Volatile) ±0.0393

October Spread (Stable) ±0.0061

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 0.0466 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0466

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 1.2180) against the same month in 2023 (average: 1.9424), the exchange rate shifted by -0.7244 (-37.29%).

2024 Avg (January) 1.2180

2023 Avg (January) 1.9424

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2420	1.2070	1.2180
February	1.2073	1.1757	1.1938
March	1.1717	1.1324	1.1473
April	1.1512	1.1272	1.1374
May	1.1465	1.1308	1.1398
June	1.1424	1.1173	1.1288
July	1.1306	1.1094	1.1178
August	1.1111	1.0749	1.0918
September	1.0853	1.0756	1.0804
October	1.0787	1.0725	1.0746
November	1.0756	1.0590	1.0675
December	1.0604	1.0406	1.0509