2023 JPY to TRY Historical Review

YEARLY HIGH

0.2090 TRY

YEARLY LOW

0.1377 TRY

YEARLY AVERAGE

0.1685 TRY

2023 JPY to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JPY to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 0.2090. Conversely, the yearly low was recorded on March 7, dropping to 0.1377.

This high-to-low spread represents a total annual volatility of 0.0713 TRY. From a start-to-finish perspective, comparing the January average rate of 0.1443 to the December average rate of 0.2026, the exchange rate registered a net change of 40.41% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2090 was up 46.66% compared to the 2022 peak of 0.1425, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 500,000 JPY based on timing:

Yearly Peak High 104,507 TRY

2022 Average 62,905 TRY

Yearly Trough Low 68,867 TRY

Transaction Impact: A difference of 35,640.50 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2087

0.1354

JanuMarcMayJulySeptNove

JPY 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 0.1475, compared to 0.1894 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0420 points.

H1 Avg (Jan–Jun) 0.1475

H2 Avg (Jul–Dec) 0.1894

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0321 TRY (High: 0.1818 / Low: 0.1498). On the other end, September was the most stable month, with a tight range of 0.0023 TRY (High: 0.1839 / Low: 0.1816).

June Spread (Volatile) ±0.0321

September Spread (Stable) ±0.0023

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0032 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0032

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.2026) against the same month in 2022 (average: 0.1384), the exchange rate shifted by +0.0642 (+46.37%).

2023 Avg (December) 0.2026

2022 Avg (December) 0.1384

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1470	0.1408	0.1443
February	0.1463	0.1383	0.1415
March	0.1459	0.1377	0.1423
April	0.1471	0.1426	0.1448
May	0.1492	0.1415	0.1441
June	0.1818	0.1498	0.1677
July	0.1941	0.1783	0.1876
August	0.1908	0.1774	0.1859
September	0.1839	0.1816	0.1827
October	0.1896	0.1833	0.1865
November	0.1968	0.1881	0.1914
December	0.2090	0.1963	0.2026