YEARLY HIGH
14.7786 TRY
YEARLY LOW
9.3456 TRY
YEARLY AVERAGE
11.8966 TRY

2023 BBD to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BBD to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 14.7786. Conversely, the yearly low was recorded on January 1, dropping to 9.3456.

This high-to-low spread represents a total annual volatility of 5.4329 TRY. From a start-to-finish perspective, comparing the January average rate of 9.3905 to the December average rate of 14.5502, the exchange rate registered a net change of 54.95% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 14.7786 was up 57.94% compared to the 2022 peak of 9.3569, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 73,893 TRY
2022 Average 41,441 TRY
Yearly Trough Low 46,728 TRY
Transaction Impact: A difference of 27,164.74 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

15.0662
8.8745
JanuMarcMayJulySeptNove

BBD 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: JanтАУJun) was 9.9552, compared to 13.8380 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 3.8828 points.

H1 Avg (JanтАУJun) 9.9552
H2 Avg (JulтАУDec) 13.8380

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 2.5938 TRY (High: 13.0442 / Low: 10.4504). On the other end, February was the most stable month, with a tight range of 0.0348 TRY (High: 9.4439 / Low: 9.4091).

June Spread (Volatile) ┬▒2.5938
February Spread (Stable) ┬▒0.0348

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: 14.5502) against the same month in 2022 (average: 9.3264), the exchange rate shifted by +5.2238 (+56.01%).

2023 Avg (December) 14.5502
2022 Avg (December) 9.3264

рдорд╛рд╕рд┐рдХ рд╡рд┐рд╢реНрд▓реЗрд╖рдг

рдкреНрд░рддреНрдпреЗрдХ рдХреЕрд▓реЗрдВрдбрд░ рдорд╣рд┐рдиреНрдпрд╛рд╕рд╛рдареА рд╕рд╛рдВрдЦреНрдпрд┐рдХреАрдп рд╕рд╛рд░рд╛рдВрд╢.

Month High Low Average
January 9.4065 9.3456 9.3905
February 9.4439 9.4091 9.4246
March 9.5904 9.4122 9.5004
April 9.7266 9.5891 9.6716
May 10.3791 9.7309 9.8862
June 13.0442 10.4504 11.8578
July 13.4903 12.8730 13.2373
August 13.6058 12.9549 13.4587
September 13.7317 13.3502 13.5056
October 14.1536 13.7333 13.9445
November 14.4739 14.1640 14.3316
December 14.7786 14.4499 14.5502