2023 MMK to TRY Historical Review

YEARLY HIGH

0.0140 TRY

YEARLY LOW

0.0089 TRY

YEARLY AVERAGE

0.0113 TRY

2023 MMK to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MMK to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 0.0140. Conversely, the yearly low was recorded on February 5, dropping to 0.0089.

This high-to-low spread represents a total annual volatility of 0.0051 TRY. From a start-to-finish perspective, comparing the January average rate of 0.0089 to the December average rate of 0.0138, the exchange rate registered a net change of 54.79% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0140 was up 44.70% compared to the 2022 peak of 0.0097, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 70 TRY

2022 Average 43 TRY

Yearly Trough Low 44 TRY

Transaction Impact: A difference of 25.75 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0143

0.0085

JanuMarcMayJulySeptNove

MMK 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 0.0095, compared to 0.0132 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0037 points.

H1 Avg (Jan–Jun) 0.0095

H2 Avg (Jul–Dec) 0.0132

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0025 TRY (High: 0.0124 / Low: 0.0100). On the other end, January was the most stable month, with a tight range of 0.0001 TRY (High: 0.0090 / Low: 0.0089).

June Spread (Volatile) ±0.0025

January 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: 0.0138) against the same month in 2022 (average: 0.0089), the exchange rate shifted by +0.0050 (+55.89%).

2023 Avg (December) 0.0138

2022 Avg (December) 0.0089

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0090	0.0089	0.0089
February	0.0090	0.0089	0.0090
March	0.0092	0.0090	0.0091
April	0.0094	0.0091	0.0092
May	0.0099	0.0093	0.0094
June	0.0124	0.0100	0.0113
July	0.0129	0.0123	0.0126
August	0.0130	0.0123	0.0128
September	0.0131	0.0127	0.0129
October	0.0135	0.0131	0.0133
November	0.0138	0.0135	0.0137
December	0.0140	0.0137	0.0138