2023 BTN to TRY Historical Review

YEARLY HIGH

0.3543 TRY

YEARLY LOW

0.2259 TRY

YEARLY AVERAGE

0.2880 TRY

2023 BTN to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BTN to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 0.3543. Conversely, the yearly low was recorded on January 3, dropping to 0.2259.

This high-to-low spread represents a total annual volatility of 0.1284 TRY. From a start-to-finish perspective, comparing the January average rate of 0.2295 to the December average rate of 0.3493, the exchange rate registered a net change of 52.15% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3543 was up 53.10% compared to the 2022 peak of 0.2314, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,772 TRY

2022 Average 1,052 TRY

Yearly Trough Low 1,129 TRY

Transaction Impact: A difference of 642.15 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3614

0.2161

JanuMarcMayJulySeptNove

BTN 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 0.2423, compared to 0.3337 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0914 points.

H1 Avg (Jan–Jun) 0.2423

H2 Avg (Jul–Dec) 0.3337

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0652 TRY (High: 0.3181 / Low: 0.2529). On the other end, February was the most stable month, with a tight range of 0.0028 TRY (High: 0.2300 / Low: 0.2272).

June Spread (Volatile) ±0.0652

February Spread (Stable) ±0.0028

Growth Streaks & Declines

Trends

Between February and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0013 points.

Longest Streak 10 Mo.

Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.3493) against the same month in 2022 (average: 0.2262), the exchange rate shifted by +0.1231 (+54.40%).

2023 Avg (December) 0.3493

2022 Avg (December) 0.2262

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2320	0.2259	0.2295
February	0.2300	0.2272	0.2282
March	0.2338	0.2276	0.2311
April	0.2410	0.2333	0.2362
May	0.2510	0.2378	0.2403
June	0.3181	0.2529	0.2886
July	0.3298	0.3149	0.3225
August	0.3289	0.3140	0.3251
September	0.3300	0.3219	0.3254
October	0.3406	0.3300	0.3354
November	0.3477	0.3401	0.3445
December	0.3543	0.3466	0.3493