2023 CDF to TRY Historical Review

YEARLY HIGH

0.0117 TRY

YEARLY LOW

0.0085 TRY

YEARLY AVERAGE

0.0101 TRY

2023 CDF to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CDF to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on November 25, valuing the pair at 0.0117. Conversely, the yearly low was recorded on May 23, dropping to 0.0085.

This high-to-low spread represents a total annual volatility of 0.0031 TRY. From a start-to-finish perspective, comparing the January average rate of 0.0092 to the December average rate of 0.0107, the exchange rate registered a net change of 16.61% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0117 was up 26.68% compared to the 2022 peak of 0.0092, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 58 TRY

2022 Average 41 TRY

Yearly Trough Low 43 TRY

Transaction Impact: A difference of 15.71 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0115

0.0088

JanuMarcMayJulySeptNove

CDF 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 0.0093, compared to 0.0109 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0016 points.

H1 Avg (Jan–Jun) 0.0093

H2 Avg (Jul–Dec) 0.0109

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0020 TRY (High: 0.0109 / Low: 0.0090). On the other end, February was the most stable month, with a tight range of 0.0002 TRY (High: 0.0092 / Low: 0.0091).

June Spread (Volatile) ±0.0020

February Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between May and November, 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 November and December, when the average rate fell by 0.0006 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.0113) against the same month in 2022 (average: 0.0091), the exchange rate shifted by +0.0022 (+24.22%).

2023 Avg (November) 0.0113

2022 Avg (November) 0.0091

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0093	0.0091	0.0092
February	0.0092	0.0091	0.0091
March	0.0094	0.0091	0.0092
April	0.0095	0.0089	0.0093
May	0.0096	0.0085	0.0091
June	0.0109	0.0090	0.0100
July	0.0110	0.0105	0.0107
August	0.0111	0.0104	0.0109
September	0.0110	0.0107	0.0109
October	0.0113	0.0108	0.0111
November	0.0117	0.0106	0.0113
December	0.0110	0.0104	0.0107