2023 HTG to TRY Historical Review

YEARLY HIGH

0.2235 TRY

YEARLY LOW

0.1225 TRY

YEARLY AVERAGE

0.1701 TRY

2023 HTG to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HTG to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 0.2235. Conversely, the yearly low was recorded on March 25, dropping to 0.1225.

This high-to-low spread represents a total annual volatility of 0.1010 TRY. From a start-to-finish perspective, comparing the January average rate of 0.1265 to the December average rate of 0.2201, the exchange rate registered a net change of 73.95% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2235 was up 42.08% compared to the 2022 peak of 0.1573, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,118 TRY

2022 Average 706 TRY

Yearly Trough Low 612 TRY

Transaction Impact: A difference of 505.10 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2297

0.1141

JanuMarcMayJulySeptNove

HTG 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 0.1345, compared to 0.2057 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0712 points.

H1 Avg (Jan–Jun) 0.1345

H2 Avg (Jul–Dec) 0.2057

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0398 TRY (High: 0.1884 / Low: 0.1486). On the other end, January was the most stable month, with a tight range of 0.0015 TRY (High: 0.1272 / Low: 0.1257).

June Spread (Volatile) ±0.0398

January Spread (Stable) ±0.0015

Growth Streaks & Declines

Trends

Between March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0018 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0018

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.2201) against the same month in 2022 (average: 0.1289), the exchange rate shifted by +0.0912 (+70.77%).

2023 Avg (December) 0.2201

2022 Avg (December) 0.1289

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1272	0.1257	0.1265
February	0.1266	0.1243	0.1255
March	0.1253	0.1225	0.1237
April	0.1280	0.1235	0.1248
May	0.1483	0.1259	0.1361
June	0.1884	0.1486	0.1703
July	0.1977	0.1871	0.1923
August	0.2002	0.1912	0.1978
September	0.2034	0.1967	0.1997
October	0.2132	0.2024	0.2082
November	0.2187	0.2136	0.2163
December	0.2235	0.2178	0.2201