2024 TWD to TRY Historical Review

YEARLY HIGH

1.0817 TRY

YEARLY LOW

0.9552 TRY

YEARLY AVERAGE

1.0243 TRY

2024 TWD to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TWD to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 1.0817. Conversely, the yearly low was recorded on January 17, dropping to 0.9552.

This high-to-low spread represents a total annual volatility of 0.1266 TRY. From a start-to-finish perspective, comparing the January average rate of 0.9648 to the December average rate of 1.0746, the exchange rate registered a net change of 11.38% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.0817 was up 12.40% compared to the 2023 peak of 0.9624, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 TWD based on timing:

Yearly Peak High 5,409 TRY

2023 Average 3,814 TRY

Yearly Trough Low 4,776 TRY

Transaction Impact: A difference of 632.81 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.0855

0.9538

JanuMarcMayJulySeptNove

TWD to TRY 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 0.9939, compared to 1.0548 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0609 points.

H1 Avg (Jan–Jun) 0.9939

H2 Avg (Jul–Dec) 1.0548

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0576 TRY (High: 1.0710 / Low: 1.0134). On the other end, May was the most stable month, with a tight range of 0.0115 TRY (High: 1.0042 / Low: 0.9928).

August Spread (Volatile) ±0.0576

May Spread (Stable) ±0.0115

Growth Streaks & Declines

Trends

Between May and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0115 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0115

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 1.0662) against the same month in 2023 (average: 0.8435), the exchange rate shifted by +0.2227 (+26.41%).

2024 Avg (September) 1.0662

2023 Avg (September) 0.8435

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9740	0.9552	0.9648
February	0.9894	0.9717	0.9803
March	1.0230	0.9942	1.0120
April	1.0082	0.9932	1.0005
May	1.0042	0.9928	0.9992
June	1.0185	0.9926	1.0064
July	1.0182	0.9972	1.0089
August	1.0710	1.0134	1.0456
September	1.0817	1.0574	1.0662
October	1.0761	1.0603	1.0674
November	1.0777	1.0574	1.0658
December	1.0797	1.0660	1.0746