2023 KES to TRY Historical Review

YEARLY HIGH

0.1904 TRY

YEARLY LOW

0.1428 TRY

YEARLY AVERAGE

0.1690 TRY

2023 KES to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KES to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on October 29, valuing the pair at 0.1904. Conversely, the yearly low was recorded on May 9, dropping to 0.1428.

This high-to-low spread represents a total annual volatility of 0.0476 TRY. From a start-to-finish perspective, comparing the January average rate of 0.1515 to the December average rate of 0.1884, the exchange rate registered a net change of 24.34% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1904 was up 23.31% compared to the 2022 peak of 0.1544, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 952 TRY

2022 Average 701 TRY

Yearly Trough Low 714 TRY

Transaction Impact: A difference of 237.95 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1931

0.1395

JanuMarcMayJulySeptNove

KES 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 0.1510, compared to 0.1871 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0361 points.

H1 Avg (Jan–Jun) 0.1510

H2 Avg (Jul–Dec) 0.1871

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0356 TRY (High: 0.1863 / Low: 0.1507). On the other end, January was the most stable month, with a tight range of 0.0013 TRY (High: 0.1523 / Low: 0.1511).

June Spread (Volatile) ±0.0356

January Spread (Stable) ±0.0013

Growth Streaks & Declines

Trends

Between April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0034 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0034

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.1869) against the same month in 2022 (average: 0.1535), the exchange rate shifted by +0.0334 (+21.74%).

2023 Avg (October) 0.1869

2022 Avg (October) 0.1535

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1523	0.1511	0.1515
February	0.1511	0.1486	0.1500
March	0.1495	0.1447	0.1467
April	0.1450	0.1429	0.1440
May	0.1497	0.1428	0.1441
June	0.1863	0.1507	0.1699
July	0.1903	0.1842	0.1872
August	0.1904	0.1788	0.1873
September	0.1855	0.1833	0.1840
October	0.1904	0.1851	0.1869
November	0.1900	0.1876	0.1887
December	0.1897	0.1865	0.1884