2023 BND to TRY Historical Review

YEARLY HIGH

22.3396 TRY

YEARLY LOW

13.9007 TRY

YEARLY AVERAGE

17.7085 TRY

2023 BND to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BND to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 22.3396. Conversely, the yearly low was recorded on January 7, dropping to 13.9007.

This high-to-low spread represents a total annual volatility of 8.4389 TRY. From a start-to-finish perspective, comparing the January average rate of 14.1546 to the December average rate of 21.8435, the exchange rate registered a net change of 54.32% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 22.3396 was up 60.86% compared to the 2022 peak of 13.8880, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 111,698 TRY

2022 Average 60,051 TRY

Yearly Trough Low 69,503 TRY

Transaction Impact: A difference of 42,194.55 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

22.6126

13.3842

JanuMarcMayJulySeptNove

BND 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 14.9038, compared to 20.5133 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.6095 points.

H1 Avg (Jan–Jun) 14.9038

H2 Avg (Jul–Dec) 20.5133

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 3.8131 TRY (High: 19.2841 / Low: 15.4710). On the other end, April was the most stable month, with a tight range of 0.3151 TRY (High: 14.7435 / Low: 14.4284).

June Spread (Volatile) ±3.8131

April Spread (Stable) ±0.3151

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 0.1049 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.1049

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 21.8435) against the same month in 2022 (average: 13.7975), the exchange rate shifted by +8.0461 (+58.32%).

2023 Avg (December) 21.8435

2022 Avg (December) 13.7975

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.3367	13.9007	14.1546
February	14.4066	13.9991	14.1532
March	14.4458	13.9806	14.1829
April	14.7435	14.4284	14.5420
May	15.3233	14.5847	14.7670
June	19.2841	15.4710	17.6228
July	20.3960	19.0993	19.8418
August	20.2733	19.1527	19.9317
September	20.1038	19.6344	19.8268
October	20.7257	20.0100	20.3763
November	21.7370	20.6698	21.2597
December	22.3396	21.5335	21.8435