2023 ISK to TRY Historical Review

YEARLY HIGH

0.2179 TRY

YEARLY LOW

0.1297 TRY

YEARLY AVERAGE

0.1730 TRY

2023 ISK to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.2179. Conversely, the yearly low was recorded on January 5, dropping to 0.1297.

This high-to-low spread represents a total annual volatility of 0.0882 TRY. From a start-to-finish perspective, comparing the January average rate of 0.1314 to the December average rate of 0.2111, the exchange rate registered a net change of 60.64% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2179 was up 63.85% compared to the 2022 peak of 0.1330, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,089 TRY

2022 Average 611 TRY

Yearly Trough Low 648 TRY

Transaction Impact: A difference of 441.00 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2191

0.1235

JanuMarcMayJulySeptNove

ISK 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 0.1426, compared to 0.2034 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0608 points.

H1 Avg (Jan–Jun) 0.1426

H2 Avg (Jul–Dec) 0.2034

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0428 TRY (High: 0.1916 / Low: 0.1488). On the other end, January was the most stable month, with a tight range of 0.0038 TRY (High: 0.1335 / Low: 0.1297).

June Spread (Volatile) ±0.0428

January Spread (Stable) ±0.0038

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 0.0046 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0046

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.2111) against the same month in 2022 (average: 0.1311), the exchange rate shifted by +0.0801 (+61.08%).

2023 Avg (December) 0.2111

2022 Avg (December) 0.1311

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1335	0.1297	0.1314
February	0.1350	0.1302	0.1318
March	0.1412	0.1325	0.1358
April	0.1439	0.1393	0.1417
May	0.1483	0.1409	0.1428
June	0.1916	0.1488	0.1722
July	0.2066	0.1889	0.1996
August	0.2065	0.1955	0.2042
September	0.2025	0.1972	0.1996
October	0.2040	0.1962	0.2012
November	0.2112	0.1989	0.2050
December	0.2179	0.2069	0.2111