2023 HUF to TRY Historical Review

YEARLY HIGH

0.0855 TRY

YEARLY LOW

0.0494 TRY

YEARLY AVERAGE

0.0675 TRY

2023 HUF to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HUF to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.0855. Conversely, the yearly low was recorded on January 3, dropping to 0.0494.

This high-to-low spread represents a total annual volatility of 0.0361 TRY. From a start-to-finish perspective, comparing the January average rate of 0.0513 to the December average rate of 0.0833, the exchange rate registered a net change of 62.23% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0855 was up 70.78% compared to the 2022 peak of 0.0500, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 HUF based on timing:

Yearly Peak High 85,467 TRY

2022 Average 44,398 TRY

Yearly Trough Low 49,361 TRY

Transaction Impact: A difference of 36,105.46 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0865

0.0481

JanuMarcMayJulySeptNove

HUF 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 0.0567, compared to 0.0783 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0216 points.

H1 Avg (Jan–Jun) 0.0567

H2 Avg (Jul–Dec) 0.0783

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0165 TRY (High: 0.0771 / Low: 0.0606). On the other end, February was the most stable month, with a tight range of 0.0024 TRY (High: 0.0536 / Low: 0.0512).

June Spread (Volatile) ±0.0165

February Spread (Stable) ±0.0024

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0017 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0017

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.0833) against the same month in 2022 (average: 0.0485), the exchange rate shifted by +0.0347 (+71.51%).

2023 Avg (December) 0.0833

2022 Avg (December) 0.0485

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0531	0.0494	0.0513
February	0.0536	0.0512	0.0525
March	0.0550	0.0507	0.0528
April	0.0574	0.0545	0.0565
May	0.0599	0.0569	0.0577
June	0.0771	0.0606	0.0694
July	0.0810	0.0738	0.0772
August	0.0775	0.0729	0.0763
September	0.0756	0.0732	0.0746
October	0.0785	0.0740	0.0764
November	0.0843	0.0782	0.0818
December	0.0855	0.0814	0.0833