2023 GNF to TRY Historical Review

YEARLY HIGH

0.0034 TRY

YEARLY LOW

0.0021 TRY

YEARLY AVERAGE

0.0028 TRY

2023 GNF to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GNF to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.0034. Conversely, the yearly low was recorded on January 5, dropping to 0.0021.

This high-to-low spread represents a total annual volatility of 0.0013 TRY. From a start-to-finish perspective, comparing the January average rate of 0.0022 to the December average rate of 0.0034, the exchange rate registered a net change of 56.10% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0034 was up 57.17% compared to the 2022 peak of 0.0022, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 17 TRY

2022 Average 9 TRY

Yearly Trough Low 11 TRY

Transaction Impact: A difference of 6.48 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0035

0.0020

JanuMarcMayJulySeptNove

GNF 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 0.0023, compared to 0.0032 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.0023

H2 Avg (Jul–Dec) 0.0032

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0006 TRY (High: 0.0030 / Low: 0.0024). On the other end, January was the most stable month, with a tight range of 0.0001 TRY (High: 0.0022 / Low: 0.0021).

June Spread (Volatile) ±0.0006

January Spread (Stable) ±0.0001

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: 0.0034) against the same month in 2022 (average: 0.0021), the exchange rate shifted by +0.0012 (+57.72%).

2023 Avg (December) 0.0034

2022 Avg (December) 0.0021

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0022	0.0021	0.0022
February	0.0022	0.0021	0.0022
March	0.0022	0.0021	0.0022
April	0.0023	0.0022	0.0022
May	0.0024	0.0023	0.0023
June	0.0030	0.0024	0.0027
July	0.0031	0.0030	0.0031
August	0.0032	0.0030	0.0031
September	0.0032	0.0031	0.0031
October	0.0033	0.0032	0.0032
November	0.0034	0.0033	0.0033
December	0.0034	0.0034	0.0034