2024 TRY to SGD Historical Review

YEARLY HIGH

0.0447 SGD

YEARLY LOW

0.0375 SGD

YEARLY AVERAGE

0.0407 SGD

2024 TRY to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0447. Conversely, the yearly low was recorded on September 28, dropping to 0.0375.

This high-to-low spread represents a total annual volatility of 0.0072 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0444 to the December average rate of 0.0386, the exchange rate registered a net change of -13.05% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0447 was down 37.81% compared to the 2023 peak of 0.0718, 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 2,233 SGD

2023 Average 2,907 SGD

Yearly Trough Low 1,873 SGD

Transaction Impact: A difference of 359.98 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0450

0.0374

JanuMarcMayJulySeptNove

TRY to SGD 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 0.0425, compared to 0.0389 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0036 points.

H1 Avg (Jan–Jun) 0.0425

H2 Avg (Jul–Dec) 0.0389

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0021 SGD (High: 0.0403 / Low: 0.0382). On the other end, May was the most stable month, with a tight range of 0.0003 SGD (High: 0.0420 / Low: 0.0417).

August Spread (Volatile) ±0.0021

May Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between September and November, 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 July and August, when the average rate fell by 0.0018 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0018

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0444) against the same month in 2023 (average: 0.0705), the exchange rate shifted by -0.0261 (-37.06%).

2024 Avg (January) 0.0444

2023 Avg (January) 0.0705

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0447	0.0441	0.0444
February	0.0441	0.0430	0.0437
March	0.0428	0.0413	0.0418
April	0.0422	0.0417	0.0419
May	0.0420	0.0417	0.0419
June	0.0420	0.0411	0.0415
July	0.0417	0.0403	0.0409
August	0.0403	0.0382	0.0390
September	0.0385	0.0375	0.0380
October	0.0386	0.0377	0.0383
November	0.0391	0.0383	0.0388
December	0.0389	0.0385	0.0386