2023 HNL to TRY Historical Review

YEARLY HIGH

1.1957 TRY

YEARLY LOW

0.7565 TRY

YEARLY AVERAGE

0.9646 TRY

2023 HNL to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HNL to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 1.1957. Conversely, the yearly low was recorded on February 4, dropping to 0.7565.

This high-to-low spread represents a total annual volatility of 0.4392 TRY. From a start-to-finish perspective, comparing the January average rate of 0.7614 to the December average rate of 1.1775, the exchange rate registered a net change of 54.65% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.1957 was up 56.98% compared to the 2022 peak of 0.7617, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,978 TRY

2022 Average 3,367 TRY

Yearly Trough Low 3,782 TRY

Transaction Impact: A difference of 2,195.90 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.2192

0.7198

JanuMarcMayJulySeptNove

HNL 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 0.8080, compared to 1.1212 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3132 points.

H1 Avg (Jan–Jun) 0.8080

H2 Avg (Jul–Dec) 1.1212

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.2074 TRY (High: 1.0554 / Low: 0.8479). On the other end, January was the most stable month, with a tight range of 0.0078 TRY (High: 0.7647 / Low: 0.7569).

June Spread (Volatile) ±0.2074

January Spread (Stable) ±0.0078

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 August and September, when the average rate fell by 0.0030 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0030

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 1.1775) against the same month in 2022 (average: 0.7553), the exchange rate shifted by +0.4222 (+55.91%).

2023 Avg (December) 1.1775

2022 Avg (December) 0.7553

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7647	0.7569	0.7614
February	0.7707	0.7565	0.7646
March	0.7821	0.7634	0.7714
April	0.7995	0.7777	0.7868
May	0.8421	0.7898	0.8029
June	1.0554	0.8479	0.9610
July	1.0982	1.0484	1.0750
August	1.1057	1.0421	1.0934
September	1.1091	1.0758	1.0904
October	1.1481	1.1067	1.1291
November	1.1728	1.1452	1.1617
December	1.1957	1.1674	1.1775