2023 EUR to TRY Historical Review

YEARLY HIGH

32.7138 TRY

YEARLY LOW

19.7487 TRY

YEARLY AVERAGE

25.7546 TRY

2023 EUR to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EUR to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 32.7138. Conversely, the yearly low was recorded on January 5, dropping to 19.7487.

This high-to-low spread represents a total annual volatility of 12.9652 TRY. From a start-to-finish perspective, comparing the January average rate of 20.2610 to the December average rate of 31.7896, the exchange rate registered a net change of 56.90% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 32.7138 was up 63.22% compared to the 2022 peak of 20.0433, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 163,569 TRY

2022 Average 86,924 TRY

Yearly Trough Low 98,743 TRY

Transaction Impact: A difference of 64,825.87 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

32.9512

19.0116

JanuMarcMayJulySeptNove

EUR 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 21.5483, compared to 29.9609 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 8.4126 points.

H1 Avg (Jan–Jun) 21.5483

H2 Avg (Jul–Dec) 29.9609

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 6.0338 TRY (High: 28.4903 / Low: 22.4565). On the other end, September was the most stable month, with a tight range of 0.3476 TRY (High: 29.0074 / Low: 28.6598).

June Spread (Volatile) ±6.0338

September Spread (Stable) ±0.3476

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 0.5257 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.5257

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 31.7896) against the same month in 2022 (average: 19.7640), the exchange rate shifted by +12.0256 (+60.85%).

2023 Avg (December) 31.7896

2022 Avg (December) 19.7640

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	20.5387	19.7487	20.2610
February	20.7249	19.9331	20.1732
March	20.9155	19.9616	20.3604
April	21.6432	20.7445	21.2568
May	22.2002	21.3085	21.5097
June	28.4903	22.4565	25.7288
July	30.2635	28.0902	29.2788
August	29.7886	27.9802	29.3683
September	29.0074	28.6598	28.8427
October	30.0034	28.7849	29.4674
November	31.8281	29.9889	31.0185
December	32.7138	31.1362	31.7896