YEARLY HIGH
0.1070 BBD
YEARLY LOW
0.0677 BBD
YEARLY AVERAGE
0.0868 BBD

2023 TRY to BBD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to BBD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.1070. Conversely, the yearly low was recorded on December 28, dropping to 0.0677.

This high-to-low spread represents a total annual volatility of 0.0393 BBD. From a start-to-finish perspective, comparing the January average rate of 0.1065 to the December average rate of 0.0687, the exchange rate registered a net change of -35.46% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1070 was down 30.12% compared to the 2022 peak of 0.1531, 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 5,350 BBD
2022 Average 6,120 BBD
Yearly Trough Low 3,383 BBD
Transaction Impact: A difference of 1,966.81 BBD purely based on transaction execution date.

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0.1103
0.0650
JanuMarcMayJulySeptNove

TRY to BBD 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 0.1012, compared to 0.0724 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0288 points.

H1 Avg (Jan–Jun) 0.1012
H2 Avg (Jul–Dec) 0.0724

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0190 BBD (High: 0.0957 / Low: 0.0767). On the other end, February was the most stable month, with a tight range of 0.0004 BBD (High: 0.1063 / Low: 0.1059).

June Spread (Volatile) Âą0.0190
February Spread (Stable) Âą0.0004

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0165 points.

Longest Streak 0 Mo.
Sharpest MoM Drop -0.0165

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1065) against the same month in 2022 (average: 0.1478), the exchange rate shifted by -0.0413 (-27.97%).

2023 Avg (January) 0.1065
2022 Avg (January) 0.1478

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Month High Low Average
January 0.1070 0.1063 0.1065
February 0.1063 0.1059 0.1061
March 0.1062 0.1043 0.1053
April 0.1043 0.1028 0.1034
May 0.1028 0.0963 0.1012
June 0.0957 0.0767 0.0847
July 0.0777 0.0741 0.0756
August 0.0772 0.0735 0.0743
September 0.0749 0.0728 0.0740
October 0.0728 0.0707 0.0717
November 0.0706 0.0691 0.0698
December 0.0692 0.0677 0.0687