2023 ETB to TRY Historical Review

YEARLY HIGH

0.5264 TRY

YEARLY LOW

0.3485 TRY

YEARLY AVERAGE

0.4337 TRY

2023 ETB to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.5264. Conversely, the yearly low was recorded on February 5, dropping to 0.3485.

This high-to-low spread represents a total annual volatility of 0.1779 TRY. From a start-to-finish perspective, comparing the January average rate of 0.3502 to the December average rate of 0.5182, the exchange rate registered a net change of 47.99% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5264 was up 48.41% compared to the 2022 peak of 0.3547, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,632 TRY

2022 Average 1,593 TRY

Yearly Trough Low 1,742 TRY

Transaction Impact: A difference of 889.65 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5350

0.3333

JanuMarcMayJulySeptNove

ETB 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 0.3683, compared to 0.4991 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1308 points.

H1 Avg (Jan–Jun) 0.3683

H2 Avg (Jul–Dec) 0.4991

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0959 TRY (High: 0.4782 / Low: 0.3823). On the other end, January was the most stable month, with a tight range of 0.0032 TRY (High: 0.3518 / Low: 0.3486).

June Spread (Volatile) ±0.0959

January Spread (Stable) ±0.0032

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: 0.5182) against the same month in 2022 (average: 0.3484), the exchange rate shifted by +0.1698 (+48.73%).

2023 Avg (December) 0.5182

2022 Avg (December) 0.3484

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3518	0.3486	0.3502
February	0.3529	0.3485	0.3510
March	0.3583	0.3501	0.3535
April	0.3630	0.3529	0.3571
May	0.3819	0.3581	0.3636
June	0.4782	0.3823	0.4345
July	0.4935	0.4711	0.4829
August	0.4966	0.4710	0.4887
September	0.4967	0.4832	0.4892
October	0.5083	0.4933	0.5015
November	0.5199	0.5088	0.5142
December	0.5264	0.5128	0.5182