2023 MDL to TRY Historical Review

YEARLY HIGH

1.7085 TRY

YEARLY LOW

0.9761 TRY

YEARLY AVERAGE

1.3190 TRY

2023 MDL to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MDL to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 1.7085. Conversely, the yearly low was recorded on January 1, dropping to 0.9761.

This high-to-low spread represents a total annual volatility of 0.7324 TRY. From a start-to-finish perspective, comparing the January average rate of 0.9890 to the December average rate of 1.6531, the exchange rate registered a net change of 67.15% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.7085 was up 74.64% compared to the 2022 peak of 0.9783, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8,543 TRY

2022 Average 4,382 TRY

Yearly Trough Low 4,881 TRY

Transaction Impact: A difference of 3,662.14 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.7195

0.9226

JanuMarcMayJulySeptNove

MDL 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 1.0874, compared to 1.5505 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4631 points.

H1 Avg (Jan–Jun) 1.0874

H2 Avg (Jul–Dec) 1.5505

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.2757 TRY (High: 1.4525 / Low: 1.1768). On the other end, February was the most stable month, with a tight range of 0.0180 TRY (High: 1.0131 / Low: 0.9951).

June Spread (Volatile) ±0.2757

February Spread (Stable) ±0.0180

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 0.0199 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0199

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 1.6531) against the same month in 2022 (average: 0.9652), the exchange rate shifted by +0.6879 (+71.27%).

2023 Avg (December) 1.6531

2022 Avg (December) 0.9652

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0051	0.9761	0.9890
February	1.0131	0.9951	1.0042
March	1.0479	1.0005	1.0213
April	1.0894	1.0479	1.0724
May	1.1693	1.0854	1.1129
June	1.4525	1.1768	1.3245
July	1.5593	1.4140	1.4803
August	1.5500	1.4598	1.5227
September	1.5132	1.4951	1.5027
October	1.5632	1.5045	1.5382
November	1.6351	1.5634	1.6061
December	1.7085	1.6191	1.6531