2023 MGA to TRY Historical Review

YEARLY HIGH

0.0064 TRY

YEARLY LOW

0.0041 TRY

YEARLY AVERAGE

0.0053 TRY

2023 MGA to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MGA to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.0064. Conversely, the yearly low was recorded on January 11, dropping to 0.0041.

This high-to-low spread represents a total annual volatility of 0.0023 TRY. From a start-to-finish perspective, comparing the January average rate of 0.0043 to the December average rate of 0.0064, the exchange rate registered a net change of 48.63% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0064 was up 45.20% compared to the 2022 peak of 0.0044, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 32 TRY

2022 Average 20 TRY

Yearly Trough Low 21 TRY

Transaction Impact: A difference of 11.58 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0066

0.0041

JanuMarcMayJulySeptNove

MGA 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 0.0045, compared to 0.0061 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0016 points.

H1 Avg (Jan–Jun) 0.0045

H2 Avg (Jul–Dec) 0.0061

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0010 TRY (High: 0.0058 / Low: 0.0047). On the other end, February was the most stable month, with a tight range of 0.0001 TRY (High: 0.0044 / Low: 0.0044).

June Spread (Volatile) ±0.0010

February Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.0064) against the same month in 2022 (average: 0.0042), the exchange rate shifted by +0.0021 (+50.51%).

2023 Avg (December) 0.0064

2022 Avg (December) 0.0042

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0044	0.0041	0.0043
February	0.0044	0.0044	0.0044
March	0.0045	0.0044	0.0044
April	0.0045	0.0044	0.0044
May	0.0047	0.0044	0.0045
June	0.0058	0.0047	0.0053
July	0.0061	0.0057	0.0059
August	0.0061	0.0058	0.0060
September	0.0061	0.0059	0.0060
October	0.0063	0.0060	0.0062
November	0.0064	0.0063	0.0063
December	0.0064	0.0063	0.0064