2024 TRY to TOP Historical Review

YEARLY HIGH

0.0789 TOP

YEARLY LOW

0.0677 TOP

YEARLY AVERAGE

0.0722 TOP

2024 TRY to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0789. Conversely, the yearly low was recorded on December 31, dropping to 0.0677.

This high-to-low spread represents a total annual volatility of 0.0112 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0783 to the December average rate of 0.0684, the exchange rate registered a net change of -12.60% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0789 was down 37.19% compared to the 2023 peak of 0.1256, 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 3,943 TOP

2023 Average 5,112 TOP

Yearly Trough Low 3,385 TOP

Transaction Impact: A difference of 558.08 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0793

0.0674

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 0.0747, compared to 0.0696 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0051 points.

H1 Avg (Jan–Jun) 0.0747

H2 Avg (Jul–Dec) 0.0696

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0033 TOP (High: 0.0718 / Low: 0.0685). On the other end, November was the most stable month, with a tight range of 0.0006 TOP (High: 0.0697 / Low: 0.0690).

August Spread (Volatile) ±0.0033

November Spread (Stable) ±0.0006

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 February and March, when the average rate fell by 0.0030 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0030

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0783) against the same month in 2023 (average: 0.1240), the exchange rate shifted by -0.0458 (-36.89%).

2024 Avg (January) 0.0783

2023 Avg (January) 0.1240

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0789	0.0778	0.0783
February	0.0777	0.0757	0.0769
March	0.0756	0.0731	0.0739
April	0.0746	0.0733	0.0737
May	0.0738	0.0731	0.0734
June	0.0734	0.0716	0.0724
July	0.0726	0.0712	0.0719
August	0.0718	0.0685	0.0702
September	0.0694	0.0682	0.0688
October	0.0695	0.0682	0.0690
November	0.0697	0.0690	0.0694
December	0.0690	0.0677	0.0684