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2023 TRY to MOP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the TRY to MOP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 0.4331. Conversely, the yearly low was recorded on December 29, dropping to 0.2730.
This high-to-low spread represents a total annual volatility of 0.1601 MOP. From a start-to-finish perspective, comparing the January average rate of 0.4289 to the December average rate of 0.2768, the exchange rate registered a net change of -35.47% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 0.4331 was down 29.60% compared to the 2022 peak of 0.6151, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 TRY based on timing:
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TRY to MOP 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 0.4084, compared to 0.2913 in the second half (H2: JulâDec). This shows that the rate was stronger in the first half (JanâJun) by a margin of 0.1171 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 0.0768 MOP (High: 0.3858 / Low: 0.3090). On the other end, January was the most stable month, with a tight range of 0.0036 MOP (High: 0.4300 / Low: 0.4265).
Growth Streaks & Declines
TrendsNo 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 0.0666 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 0.4288) against the same month in 2022 (average: 0.5887), the exchange rate shifted by -0.1599 (-27.16%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 0.4300 | 0.4265 | 0.4289 |
| February | 0.4331 | 0.4259 | 0.4288 |
| March | 0.4296 | 0.4191 | 0.4249 |
| April | 0.4213 | 0.4102 | 0.4176 |
| May | 0.4155 | 0.3886 | 0.4083 |
| June | 0.3858 | 0.3090 | 0.3417 |
| July | 0.3115 | 0.2971 | 0.3039 |
| August | 0.3117 | 0.2954 | 0.2995 |
| September | 0.3027 | 0.2936 | 0.2985 |
| October | 0.2941 | 0.2842 | 0.2889 |
| November | 0.2843 | 0.2771 | 0.2802 |
| December | 0.2794 | 0.2730 | 0.2768 |