2023 BZD to TRY Historical Review

YEARLY HIGH

14.6222 TRY

YEARLY LOW

9.2573 TRY

YEARLY AVERAGE

11.8098 TRY

2023 BZD to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BZD to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 14.6222. Conversely, the yearly low was recorded on February 5, dropping to 9.2573.

This high-to-low spread represents a total annual volatility of 5.3650 TRY. From a start-to-finish perspective, comparing the January average rate of 9.3173 to the December average rate of 14.4219, the exchange rate registered a net change of 54.79% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 14.6222 was up 56.57% compared to the 2022 peak of 9.3392, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 73,111 TRY

2022 Average 41,123 TRY

Yearly Trough Low 46,286 TRY

Transaction Impact: A difference of 26,824.82 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

14.9324

8.8068

JanuMarcMayJulySeptNove

BZD 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 9.8842, compared to 13.7353 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.8511 points.

H1 Avg (Jan–Jun) 9.8842

H2 Avg (Jul–Dec) 13.7353

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 2.5731 TRY (High: 12.9461 / Low: 10.3730). On the other end, January was the most stable month, with a tight range of 0.0877 TRY (High: 9.3599 / Low: 9.2722).

June Spread (Volatile) ±2.5731

January Spread (Stable) ±0.0877

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: 14.4219) against the same month in 2022 (average: 9.2514), the exchange rate shifted by +5.1706 (+55.89%).

2023 Avg (December) 14.4219

2022 Avg (December) 9.2514

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.3599	9.2722	9.3173
February	9.4109	9.2573	9.3502
March	9.5704	9.3362	9.4500
April	9.7797	9.5214	9.6061
May	10.3029	9.6664	9.8140
June	12.9461	10.3730	11.7677
July	13.4136	12.8554	13.1498
August	13.5083	12.8549	13.3540
September	13.6218	13.2456	13.4034
October	14.0634	13.6081	13.8459
November	14.3721	14.0604	14.2369
December	14.6222	14.2759	14.4219