2024 TRY to SYP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 TRY to SYP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the TRY to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 370.3630. Conversely, the yearly low was recorded on December 20, dropping to 71.3915.
This high-to-low spread represents a total annual volatility of 298.9715 SYP. From a start-to-finish perspective, comparing the January average rate of 83.4977 to the December average rate of 177.4858, the exchange rate registered a net change of 112.56% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 370.3630 was up 175.52% compared to the 2023 peak of 134.4225, 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 2024.
TRY to SYP 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 79.3345, compared to 91.3920 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 12.0574 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 298.9715 SYP (High: 370.3630 / Low: 71.3915). On the other end, October was the most stable month, with a tight range of 0.2832 SYP (High: 73.5288 / Low: 73.2456).
Growth Streaks & Declines
TrendsNo 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 3.1856 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 177.4858) against the same month in 2023 (average: 86.3439), the exchange rate shifted by +91.1420 (+105.56%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 85.0249 | 82.7459 | 83.4977 |
| February | 82.5182 | 80.2828 | 81.5592 |
| March | 80.0426 | 77.3886 | 78.3736 |
| April | 78.6385 | 77.0122 | 77.6411 |
| May | 78.2417 | 77.3655 | 77.8613 |
| June | 78.0689 | 76.2470 | 77.0743 |
| July | 77.1776 | 75.7219 | 76.3207 |
| August | 75.7487 | 73.5854 | 74.5588 |
| September | 74.0801 | 73.4460 | 73.7553 |
| October | 73.5288 | 73.2456 | 73.3350 |
| November | 73.4531 | 72.4332 | 72.8962 |
| December | 370.3630 | 71.3915 | 177.4858 |