2023 BOB to TRY Historical Review

YEARLY HIGH

4.2655 TRY

YEARLY LOW

2.7004 TRY

YEARLY AVERAGE

3.4444 TRY

2023 BOB to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BOB to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 4.2655. Conversely, the yearly low was recorded on February 5, dropping to 2.7004.

This high-to-low spread represents a total annual volatility of 1.5651 TRY. From a start-to-finish perspective, comparing the January average rate of 2.7179 to the December average rate of 4.2066, the exchange rate registered a net change of 54.77% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 4.2655 was up 56.57% compared to the 2022 peak of 2.7243, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 21,327 TRY

2022 Average 12,023 TRY

Yearly Trough Low 13,502 TRY

Transaction Impact: A difference of 7,825.33 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

4.3555

2.5690

JanuMarcMayJulySeptNove

BOB 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 2.8824, compared to 4.0065 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.1241 points.

H1 Avg (Jan–Jun) 2.8824

H2 Avg (Jul–Dec) 4.0065

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.7506 TRY (High: 3.7765 / Low: 3.0259). On the other end, January was the most stable month, with a tight range of 0.0255 TRY (High: 2.7304 / Low: 2.7048).

June Spread (Volatile) ±0.7506

January Spread (Stable) ±0.0255

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 4.2066) against the same month in 2022 (average: 2.6983), the exchange rate shifted by +1.5084 (+55.90%).

2023 Avg (December) 4.2066

2022 Avg (December) 2.6983

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.7304	2.7048	2.7179
February	2.7452	2.7004	2.7275
March	2.7918	2.7235	2.7536
April	2.8175	2.7741	2.7998
May	3.0055	2.8169	2.8626
June	3.7765	3.0259	3.4327
July	3.9127	3.7498	3.8350
August	3.9408	3.7497	3.8955
September	3.9737	3.8638	3.9099
October	4.1026	3.9696	4.0390
November	4.1924	4.1020	4.1530
December	4.2655	4.1645	4.2066