2023 GMD to TRY Historical Review

YEARLY HIGH

0.4527 TRY

YEARLY LOW

0.3004 TRY

YEARLY AVERAGE

0.3812 TRY

2023 GMD to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GMD to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on July 24, valuing the pair at 0.4527. Conversely, the yearly low was recorded on January 23, dropping to 0.3004.

This high-to-low spread represents a total annual volatility of 0.1523 TRY. From a start-to-finish perspective, comparing the January average rate of 0.3028 to the December average rate of 0.4321, the exchange rate registered a net change of 42.69% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4527 was up 34.33% compared to the 2022 peak of 0.3370, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,263 TRY

2022 Average 1,494 TRY

Yearly Trough Low 1,502 TRY

Transaction Impact: A difference of 761.48 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4585

0.2886

JanuMarcMayJulySeptNove

GMD 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 0.3272, compared to 0.4352 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1080 points.

H1 Avg (Jan–Jun) 0.3272

H2 Avg (Jul–Dec) 0.4352

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0866 TRY (High: 0.4375 / Low: 0.3509). On the other end, March was the most stable month, with a tight range of 0.0039 TRY (High: 0.3121 / Low: 0.3082).

June Spread (Volatile) ±0.0866

March Spread (Stable) ±0.0039

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0122 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0122

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.4439) against the same month in 2022 (average: 0.3229), the exchange rate shifted by +0.1210 (+37.47%).

2023 Avg (July) 0.4439

2022 Avg (July) 0.3229

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3076	0.3004	0.3028
February	0.3096	0.3055	0.3085
March	0.3121	0.3082	0.3095
April	0.3245	0.3086	0.3128
May	0.3485	0.3240	0.3308
June	0.4375	0.3509	0.3987
July	0.4527	0.4323	0.4439
August	0.4504	0.4258	0.4443
September	0.4458	0.4188	0.4372
October	0.4342	0.4193	0.4250
November	0.4369	0.4231	0.4285
December	0.4390	0.4291	0.4321