2023 KRW to TRY Historical Review

YEARLY HIGH

0.0230 TRY

YEARLY LOW

0.0143 TRY

YEARLY AVERAGE

0.0182 TRY

2023 KRW to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KRW to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.0230. Conversely, the yearly low was recorded on February 28, dropping to 0.0143.

This high-to-low spread represents a total annual volatility of 0.0087 TRY. From a start-to-finish perspective, comparing the January average rate of 0.0151 to the December average rate of 0.0224, the exchange rate registered a net change of 47.93% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0230 was up 54.82% compared to the 2022 peak of 0.0148, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 114,913 TRY

2022 Average 64,000 TRY

Yearly Trough Low 71,429 TRY

Transaction Impact: A difference of 43,483.53 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0231

0.0138

JanuMarcMayJulySeptNove

KRW 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 0.0154, compared to 0.0210 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0057 points.

H1 Avg (Jan–Jun) 0.0154

H2 Avg (Jul–Dec) 0.0210

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0041 TRY (High: 0.0200 / Low: 0.0159). On the other end, September was the most stable month, with a tight range of 0.0004 TRY (High: 0.0204 / Low: 0.0201).

June Spread (Volatile) ±0.0041

September Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between March and July, 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 January and February, when the average rate fell by 0.0004 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.0224) against the same month in 2022 (average: 0.0144), the exchange rate shifted by +0.0079 (+55.12%).

2023 Avg (December) 0.0224

2022 Avg (December) 0.0144

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0153	0.0146	0.0151
February	0.0154	0.0143	0.0147
March	0.0148	0.0143	0.0146
April	0.0149	0.0145	0.0146
May	0.0157	0.0145	0.0149
June	0.0200	0.0159	0.0183
July	0.0213	0.0196	0.0206
August	0.0210	0.0195	0.0203
September	0.0204	0.0201	0.0202
October	0.0210	0.0203	0.0207
November	0.0225	0.0210	0.0219
December	0.0230	0.0220	0.0224