2021 TRY to TOP Historical Review

YEARLY HIGH

0.3307 TOP

YEARLY LOW

0.1375 TOP

YEARLY AVERAGE

0.2628 TOP

2021 TRY to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TRY to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 19, valuing the pair at 0.3307. Conversely, the yearly low was recorded on December 19, dropping to 0.1375.

This high-to-low spread represents a total annual volatility of 0.1932 TOP. From a start-to-finish perspective, comparing the January average rate of 0.3083 to the December average rate of 0.1719, the exchange rate registered a net change of -44.22% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.3307 was down 15.68% compared to the 2020 peak of 0.3922, 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 16,533 TOP

2020 Average 16,545 TOP

Yearly Trough Low 6,875 TOP

Transaction Impact: A difference of 9,658.19 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.3384

0.1568

JanuMarcMayJulySeptNove

TRY to TOP 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 0.2890, compared to 0.2366 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0523 points.

H1 Avg (Jan–Jun) 0.2890

H2 Avg (Jul–Dec) 0.2366

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 0.0755 TOP (High: 0.2130 / Low: 0.1375). On the other end, July was the most stable month, with a tight range of 0.0088 TOP (High: 0.2676 / Low: 0.2588).

December Spread (Volatile) ±0.0755

July Spread (Stable) ±0.0088

Growth Streaks & Declines

Trends

Between June and August, 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 November and December, when the average rate fell by 0.0392 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0392

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2021: 0.3232) against the same month in 2020 (average: 0.3819), the exchange rate shifted by -0.0586 (-15.36%).

2021 Avg (February) 0.3232

2020 Avg (February) 0.3819

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3155	0.3032	0.3083
February	0.3307	0.3060	0.3232
March	0.3151	0.2748	0.2968
April	0.2842	0.2694	0.2782
May	0.2744	0.2602	0.2684
June	0.2650	0.2548	0.2588
July	0.2676	0.2588	0.2627
August	0.2716	0.2610	0.2670
September	0.2717	0.2537	0.2629
October	0.2563	0.2304	0.2441
November	0.2343	0.1692	0.2112
December	0.2130	0.1375	0.1719