2023 GTQ to TRY Historical Review

YEARLY HIGH

3.7677 TRY

YEARLY LOW

2.3771 TRY

YEARLY AVERAGE

3.0381 TRY

2023 GTQ to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GTQ to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 3.7677. Conversely, the yearly low was recorded on February 5, dropping to 2.3771.

This high-to-low spread represents a total annual volatility of 1.3907 TRY. From a start-to-finish perspective, comparing the January average rate of 2.3930 to the December average rate of 3.7155, the exchange rate registered a net change of 55.26% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 3.7677 was up 56.51% compared to the 2022 peak of 2.4073, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 18,839 TRY

2022 Average 10,686 TRY

Yearly Trough Low 11,885 TRY

Transaction Impact: A difference of 6,953.33 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

3.8477

2.2608

JanuMarcMayJulySeptNove

GTQ 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 2.5471, compared to 3.5291 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9820 points.

H1 Avg (Jan–Jun) 2.5471

H2 Avg (Jul–Dec) 3.5291

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.6582 TRY (High: 3.3285 / Low: 2.6704). On the other end, January was the most stable month, with a tight range of 0.0218 TRY (High: 2.4034 / Low: 2.3816).

June Spread (Volatile) ±0.6582

January Spread (Stable) ±0.0218

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: 3.7155) against the same month in 2022 (average: 2.3702), the exchange rate shifted by +1.3452 (+56.76%).

2023 Avg (December) 3.7155

2022 Avg (December) 2.3702

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4034	2.3816	2.3930
February	2.4242	2.3771	2.4066
March	2.4732	2.4096	2.4388
April	2.5256	2.4608	2.4830
May	2.6560	2.4929	2.5340
June	3.3285	2.6704	3.0272
July	3.4423	3.3028	3.3776
August	3.4685	3.2997	3.4261
September	3.4935	3.3926	3.4334
October	3.6158	3.4897	3.5576
November	3.7002	3.6152	3.6643
December	3.7677	3.6799	3.7155