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2023 SBD to TRY Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SBD to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 3.5072. Conversely, the yearly low was recorded on January 1, dropping to 2.2579.
This high-to-low spread represents a total annual volatility of 1.2494 TRY. From a start-to-finish perspective, comparing the January average rate of 2.2725 to the December average rate of 3.4409, the exchange rate registered a net change of 51.41% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 3.5072 was up 53.77% compared to the 2022 peak of 2.2809, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SBD based on timing:
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SBD to TRY Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: JanâJun) was 2.4039, compared to 3.2904 in the second half (H2: JulâDec). This shows that the rate was stronger in the second half (JulâDec) by a margin of 0.8865 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 0.6250 TRY (High: 3.1329 / Low: 2.5078). On the other end, February was the most stable month, with a tight range of 0.0201 TRY (High: 2.2980 / Low: 2.2779).
Growth Streaks & Declines
TrendsBetween January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0007 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 3.4409) against the same month in 2022 (average: 2.2677), the exchange rate shifted by +1.1731 (+51.73%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 2.2902 | 2.2579 | 2.2725 |
| February | 2.2980 | 2.2779 | 2.2893 |
| March | 2.3298 | 2.2771 | 2.3089 |
| April | 2.3476 | 2.3183 | 2.3327 |
| May | 2.4907 | 2.3409 | 2.3746 |
| June | 3.1329 | 2.5078 | 2.8452 |
| July | 3.2287 | 3.0774 | 3.1648 |
| August | 3.2594 | 3.0957 | 3.2164 |
| September | 3.2759 | 3.1761 | 3.2157 |
| October | 3.3567 | 3.2689 | 3.3071 |
| November | 3.4156 | 3.3648 | 3.3974 |
| December | 3.5072 | 3.4070 | 3.4409 |