2024 TRY to NZD Historical Review

YEARLY HIGH

0.0544 NZD

YEARLY LOW

0.0461 NZD

YEARLY AVERAGE

0.0504 NZD

2024 TRY to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 22, valuing the pair at 0.0544. Conversely, the yearly low was recorded on September 30, dropping to 0.0461.

This high-to-low spread represents a total annual volatility of 0.0083 NZD. From a start-to-finish perspective, comparing the January average rate of 0.0538 to the December average rate of 0.0498, the exchange rate registered a net change of -7.48% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0544 was down 37.10% compared to the 2023 peak of 0.0865, 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 2,720 NZD

2023 Average 3,519 NZD

Yearly Trough Low 2,304 NZD

Transaction Impact: A difference of 416.54 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0545

0.0465

JanuMarcMayJulySeptNove

TRY to NZD 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 0.0519, compared to 0.0489 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0030 points.

H1 Avg (Jan–Jun) 0.0519

H2 Avg (Jul–Dec) 0.0489

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0040 NZD (High: 0.0508 / Low: 0.0468). On the other end, June was the most stable month, with a tight range of 0.0010 NZD (High: 0.0506 / Low: 0.0496).

August Spread (Volatile) ±0.0040

June Spread (Stable) ±0.0010

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0016 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0538) against the same month in 2023 (average: 0.0831), the exchange rate shifted by -0.0293 (-35.25%).

2024 Avg (January) 0.0538

2023 Avg (January) 0.0831

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0544	0.0532	0.0538
February	0.0541	0.0519	0.0530
March	0.0522	0.0505	0.0513
April	0.0525	0.0511	0.0519
May	0.0519	0.0504	0.0511
June	0.0506	0.0496	0.0500
July	0.0516	0.0494	0.0504
August	0.0508	0.0468	0.0488
September	0.0480	0.0461	0.0472
October	0.0489	0.0466	0.0480
November	0.0497	0.0483	0.0491
December	0.0508	0.0488	0.0498