2023 INR to TRY Historical Review

YEARLY HIGH

0.3566 TRY

YEARLY LOW

0.2259 TRY

YEARLY AVERAGE

0.2879 TRY

2023 INR to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the INR to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.3566. Conversely, the yearly low was recorded on January 1, dropping to 0.2259.

This high-to-low spread represents a total annual volatility of 0.1307 TRY. From a start-to-finish perspective, comparing the January average rate of 0.2298 to the December average rate of 0.3496, the exchange rate registered a net change of 52.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3566 was up 54.63% compared to the 2022 peak of 0.2306, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 INR based on timing:

Yearly Peak High 89,145 TRY

2022 Average 52,582 TRY

Yearly Trough Low 56,470 TRY

Transaction Impact: A difference of 32,674.93 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3617

0.2160

JanuMarcMayJulySeptNove

INR 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 0.2423, compared to 0.3335 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0912 points.

H1 Avg (Jan–Jun) 0.2423

H2 Avg (Jul–Dec) 0.3335

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0641 TRY (High: 0.3181 / Low: 0.2540). On the other end, February was the most stable month, with a tight range of 0.0030 TRY (High: 0.2303 / Low: 0.2274).

June Spread (Volatile) ±0.0641

February Spread (Stable) ±0.0030

Growth Streaks & Declines

Trends

Between February and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0017 points.

Longest Streak 10 Mo.

Sharpest MoM Drop -0.0017

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.3496) against the same month in 2022 (average: 0.2263), the exchange rate shifted by +0.1233 (+54.51%).

2023 Avg (December) 0.3496

2022 Avg (December) 0.2263

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2323	0.2259	0.2298
February	0.2303	0.2274	0.2281
March	0.2336	0.2292	0.2310
April	0.2380	0.2334	0.2360
May	0.2511	0.2378	0.2402
June	0.3181	0.2540	0.2886
July	0.3298	0.3136	0.3221
August	0.3295	0.3135	0.3249
September	0.3301	0.3223	0.3253
October	0.3399	0.3295	0.3351
November	0.3474	0.3403	0.3442
December	0.3566	0.3467	0.3496