2023 FKP to TRY Historical Review

YEARLY HIGH

37.6396 TRY

YEARLY LOW

22.3557 TRY

YEARLY AVERAGE

29.6416 TRY

2023 FKP to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FKP to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 37.6396. Conversely, the yearly low was recorded on January 5, dropping to 22.3557.

This high-to-low spread represents a total annual volatility of 15.2839 TRY. From a start-to-finish perspective, comparing the January average rate of 22.9961 to the December average rate of 36.8602, the exchange rate registered a net change of 60.29% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 37.6396 was up 62.68% compared to the 2022 peak of 23.1379, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 188,198 TRY

2022 Average 101,844 TRY

Yearly Trough Low 111,778 TRY

Transaction Impact: A difference of 76,419.51 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

38.2722

21.3283

JanuMarcMayJulySeptNove

FKP 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 24.5883, compared to 34.6950 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 10.1067 points.

H1 Avg (Jan–Jun) 24.5883

H2 Avg (Jul–Dec) 34.6950

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 7.0640 TRY (High: 33.1613 / Low: 26.0974). On the other end, September was the most stable month, with a tight range of 0.6147 TRY (High: 33.7936 / Low: 33.1789).

June Spread (Volatile) ±7.0640

September Spread (Stable) ±0.6147

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 0.7327 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.7327

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 36.8602) against the same month in 2022 (average: 22.7061), the exchange rate shifted by +14.1541 (+62.34%).

2023 Avg (December) 36.8602

2022 Avg (December) 22.7061

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	23.3551	22.3557	22.9961
February	23.3123	22.5398	22.7403
March	23.7581	22.3805	23.0662
April	24.4577	23.5894	24.0748
May	25.8342	24.2972	24.6685
June	33.1613	26.0974	29.9839
July	35.1292	32.6845	34.0974
August	34.7213	32.6273	34.1895
September	33.7936	33.1789	33.4568
October	34.4050	33.2066	33.9420
November	36.7707	34.5071	35.6240
December	37.6396	36.2981	36.8602