2021 TRY to PEN Historical Review

YEARLY HIGH

0.5253 PEN

YEARLY LOW

0.2438 PEN

YEARLY AVERAGE

0.4478 PEN

2021 TRY to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TRY to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 20, valuing the pair at 0.5253. Conversely, the yearly low was recorded on December 19, dropping to 0.2438.

This high-to-low spread represents a total annual volatility of 0.2815 PEN. From a start-to-finish perspective, comparing the January average rate of 0.4902 to the December average rate of 0.3042, the exchange rate registered a net change of -37.94% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.5253 was down 7.82% compared to the 2020 peak of 0.5699, 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 26,265 PEN

2020 Average 25,061 PEN

Yearly Trough Low 12,192 PEN

Transaction Impact: A difference of 14,073.52 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.5343

0.2833

JanuMarcMayJulySeptNove

TRY to PEN 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 0.4733, compared to 0.4224 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0509 points.

H1 Avg (Jan–Jun) 0.4733

H2 Avg (Jul–Dec) 0.4224

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 0.1305 PEN (High: 0.3743 / Low: 0.2438). On the other end, January was the most stable month, with a tight range of 0.0168 PEN (High: 0.4996 / Low: 0.4828).

December Spread (Volatile) ±0.1305

January Spread (Stable) ±0.0168

Growth Streaks & Declines

Trends

Between May and August, 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 November and December, when the average rate fell by 0.0718 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0718

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2021: 0.5134) against the same month in 2020 (average: 0.5590), the exchange rate shifted by -0.0456 (-8.16%).

2021 Avg (February) 0.5134

2020 Avg (February) 0.5590

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4996	0.4828	0.4902
February	0.5253	0.4912	0.5134
March	0.5146	0.4509	0.4824
April	0.4655	0.4399	0.4510
May	0.4614	0.4302	0.4494
June	0.4645	0.4389	0.4531
July	0.4643	0.4448	0.4581
August	0.4905	0.4648	0.4810
September	0.4944	0.4625	0.4795
October	0.4670	0.4068	0.4355
November	0.4185	0.3010	0.3760
December	0.3743	0.2438	0.3042