2023 MXN to TRY Historical Review

YEARLY HIGH

1.7421 TRY

YEARLY LOW

0.9587 TRY

YEARLY AVERAGE

1.3498 TRY

2023 MXN to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 1.7421. Conversely, the yearly low was recorded on January 1, dropping to 0.9587.

This high-to-low spread represents a total annual volatility of 0.7834 TRY. From a start-to-finish perspective, comparing the January average rate of 0.9905 to the December average rate of 1.6954, the exchange rate registered a net change of 71.17% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.7421 was up 78.95% compared to the 2022 peak of 0.9735, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 MXN based on timing:

Yearly Peak High 87,105 TRY

2022 Average 41,293 TRY

Yearly Trough Low 47,933 TRY

Transaction Impact: A difference of 39,171.44 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.7659

0.9200

JanuMarcMayJulySeptNove

MXN 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 1.0998, compared to 1.5998 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5000 points.

H1 Avg (Jan–Jun) 1.0998

H2 Avg (Jul–Dec) 1.5998

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.3333 TRY (High: 1.5240 / Low: 1.1907). On the other end, April was the most stable month, with a tight range of 0.0290 TRY (High: 1.0805 / Low: 1.0515).

June Spread (Volatile) ±0.3333

April Spread (Stable) ±0.0290

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 0.0229 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0229

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 1.6954) against the same month in 2022 (average: 0.9523), the exchange rate shifted by +0.7432 (+78.04%).

2023 Avg (December) 1.6954

2022 Avg (December) 0.9523

मासिक विश्लेषण

प्रत्येक कॅलेंडर महिन्यासाठी सांख्यिकीय सारांश.

Month	High	Low	Average
January	1.0066	0.9587	0.9905
February	1.0318	0.9825	1.0138
March	1.0645	0.9993	1.0326
April	1.0805	1.0515	1.0706
May	1.1736	1.0836	1.1154
June	1.5240	1.1907	1.3760
July	1.6143	1.5036	1.5650
August	1.6196	1.5392	1.5846
September	1.5834	1.5252	1.5617
October	1.5788	1.5090	1.5420
November	1.6879	1.5946	1.6499
December	1.7421	1.6547	1.6954

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