2023 CVE to TRY Historical Review

YEARLY HIGH

0.2961 TRY

YEARLY LOW

0.1790 TRY

YEARLY AVERAGE

0.2331 TRY

2023 CVE to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 0.2961. Conversely, the yearly low was recorded on January 5, dropping to 0.1790.

This high-to-low spread represents a total annual volatility of 0.1170 TRY. From a start-to-finish perspective, comparing the January average rate of 0.1833 to the December average rate of 0.2877, the exchange rate registered a net change of 56.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2961 was up 63.98% compared to the 2022 peak of 0.1806, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,480 TRY

2022 Average 786 TRY

Yearly Trough Low 895 TRY

Transaction Impact: A difference of 585.25 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2982

0.1724

JanuMarcMayJulySeptNove

CVE 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 0.1949, compared to 0.2713 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0764 points.

H1 Avg (Jan–Jun) 0.1949

H2 Avg (Jul–Dec) 0.2713

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0551 TRY (High: 0.2578 / Low: 0.2027). On the other end, September was the most stable month, with a tight range of 0.0035 TRY (High: 0.2632 / Low: 0.2597).

June Spread (Volatile) ±0.0551

September Spread (Stable) ±0.0035

Growth Streaks & Declines

Trends

Between February and August, 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 August and September, when the average rate fell by 0.0047 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0047

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.2877) against the same month in 2022 (average: 0.1787), the exchange rate shifted by +0.1089 (+60.94%).

2023 Avg (December) 0.2877

2022 Avg (December) 0.1787

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1855	0.1790	0.1833
February	0.1865	0.1809	0.1829
March	0.1891	0.1805	0.1844
April	0.1950	0.1888	0.1921
May	0.2011	0.1930	0.1945
June	0.2578	0.2027	0.2325
July	0.2751	0.2550	0.2653
August	0.2713	0.2551	0.2662
September	0.2632	0.2597	0.2615
October	0.2712	0.2612	0.2669
November	0.2879	0.2706	0.2804
December	0.2961	0.2804	0.2877