2023 CAD to TRY Historical Review

YEARLY HIGH

22.3402 TRY

YEARLY LOW

13.6783 TRY

YEARLY AVERAGE

17.6260 TRY

2023 CAD to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CAD to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 22.3402. Conversely, the yearly low was recorded on March 11, dropping to 13.6783.

This high-to-low spread represents a total annual volatility of 8.6618 TRY. From a start-to-finish perspective, comparing the January average rate of 13.9951 to the December average rate of 21.7026, the exchange rate registered a net change of 55.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 22.3402 was up 58.82% compared to the 2022 peak of 14.0665, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 111,701 TRY

2022 Average 63,541 TRY

Yearly Trough Low 68,392 TRY

Transaction Impact: A difference of 43,309.24 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

22.4860

13.0859

JanuMarcMayJulySeptNove

CAD 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 14.7753, compared to 20.4767 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.7014 points.

H1 Avg (Jan–Jun) 14.7753

H2 Avg (Jul–Dec) 20.4767

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 4.2909 TRY (High: 19.8359 / Low: 15.5450). On the other end, April was the most stable month, with a tight range of 0.3253 TRY (High: 14.5015 / Low: 14.1761).

June Spread (Volatile) ±4.2909

April Spread (Stable) ±0.3253

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.1375 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1375

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 21.7026) against the same month in 2022 (average: 13.7100), the exchange rate shifted by +7.9926 (+58.30%).

2023 Avg (December) 21.7026

2022 Avg (December) 13.7100

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.1383	13.7008	13.9951
February	14.1770	13.8399	14.0068
March	14.1836	13.6783	13.8693
April	14.5015	14.1761	14.3109
May	15.3008	14.2901	14.6151
June	19.8359	15.5450	17.8550
July	20.4781	19.4273	20.0116
August	20.3699	19.0696	19.9627
September	20.3565	19.6211	19.9346
October	20.5179	20.0519	20.3371
November	21.3201	20.4757	20.9117
December	22.3402	21.2676	21.7026