2023 BAM to TRY Historical Review

YEARLY HIGH

16.7198 TRY

YEARLY LOW

10.0541 TRY

YEARLY AVERAGE

13.1643 TRY

2023 BAM to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BAM to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 16.7198. Conversely, the yearly low was recorded on January 7, dropping to 10.0541.

This high-to-low spread represents a total annual volatility of 6.6657 TRY. From a start-to-finish perspective, comparing the January average rate of 10.3339 to the December average rate of 16.2425, the exchange rate registered a net change of 57.18% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 16.7198 was up 64.17% compared to the 2022 peak of 10.1847, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 83,599 TRY

2022 Average 44,447 TRY

Yearly Trough Low 50,270 TRY

Transaction Impact: A difference of 33,328.60 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

16.8343

9.7333

JanuMarcMayJulySeptNove

BAM 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 11.0090, compared to 15.3195 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.3104 points.

H1 Avg (Jan–Jun) 11.0090

H2 Avg (Jul–Dec) 15.3195

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 3.1398 TRY (High: 14.5884 / Low: 11.4486). On the other end, September was the most stable month, with a tight range of 0.1719 TRY (High: 14.8543 / Low: 14.6824).

June Spread (Volatile) ±3.1398

September Spread (Stable) ±0.1719

Growth Streaks & Declines

Trends

Between February and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.2513 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.2513

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 16.2425) against the same month in 2022 (average: 10.0945), the exchange rate shifted by +6.1480 (+60.90%).

2023 Avg (December) 16.2425

2022 Avg (December) 10.0945

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.4837	10.0541	10.3339
February	10.5884	10.1990	10.3250
March	10.6811	10.2107	10.4004
April	11.0708	10.6719	10.8541
May	11.3939	10.9137	10.9944
June	14.5884	11.4486	13.1464
July	15.5088	14.3796	14.9710
August	15.2940	14.3807	15.0210
September	14.8543	14.6824	14.7696
October	15.4259	14.7477	15.0707
November	16.2635	15.2782	15.8419
December	16.7198	15.9132	16.2425