2023 AFN to TRY Historical Review

YEARLY HIGH

0.4205 TRY

YEARLY LOW

0.2072 TRY

YEARLY AVERAGE

0.2933 TRY

2023 AFN to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AFN to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.4205. Conversely, the yearly low was recorded on February 8, dropping to 0.2072.

This high-to-low spread represents a total annual volatility of 0.2132 TRY. From a start-to-finish perspective, comparing the January average rate of 0.2114 to the December average rate of 0.4160, the exchange rate registered a net change of 96.82% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4205 was up 93.25% compared to the 2022 peak of 0.2176, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,102 TRY

2022 Average 926 TRY

Yearly Trough Low 1,036 TRY

Transaction Impact: A difference of 1,066.25 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4366

0.1897

JanuMarcMayJulySeptNove

AFN 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 0.2269, compared to 0.3597 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1328 points.

H1 Avg (Jan–Jun) 0.2269

H2 Avg (Jul–Dec) 0.3597

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0668 TRY (High: 0.3063 / Low: 0.2395). On the other end, January was the most stable month, with a tight range of 0.0052 TRY (High: 0.2138 / Low: 0.2086).

June Spread (Volatile) ±0.0668

January Spread (Stable) ±0.0052

Growth Streaks & Declines

Trends

Between February and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0011 points.

Longest Streak 10 Mo.

Sharpest MoM Drop -0.0011

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.4160) against the same month in 2022 (average: 0.2133), the exchange rate shifted by +0.2027 (+95.06%).

2023 Avg (December) 0.4160

2022 Avg (December) 0.2133

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2138	0.2086	0.2114
February	0.2151	0.2072	0.2103
March	0.2239	0.2103	0.2169
April	0.2276	0.2121	0.2233
May	0.2369	0.2203	0.2260
June	0.3063	0.2395	0.2736
July	0.3162	0.2942	0.3056
August	0.3287	0.3062	0.3189
September	0.3660	0.3278	0.3467
October	0.3855	0.3503	0.3694
November	0.4183	0.3830	0.4015
December	0.4205	0.4099	0.4160