YEARLY HIGH
0.0535 BMD
YEARLY LOW
0.0338 BMD
YEARLY AVERAGE
0.0434 BMD

2023 TRY to BMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to BMD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0535. Conversely, the yearly low was recorded on December 28, dropping to 0.0338.

This high-to-low spread represents a total annual volatility of 0.0197 BMD. From a start-to-finish perspective, comparing the January average rate of 0.0532 to the December average rate of 0.0344, the exchange rate registered a net change of -35.46% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0535 was down 30.12% compared to the 2022 peak of 0.0766, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,675 BMD
2022 Average 3,060 BMD
Yearly Trough Low 1,692 BMD
Transaction Impact: A difference of 983.41 BMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0551
0.0325
JanuMarcMayJulySeptNove

TRY to BMD 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 0.0506, compared to 0.0362 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the first half (JanтАУJun) by a margin of 0.0144 points.

H1 Avg (JanтАУJun) 0.0506
H2 Avg (JulтАУDec) 0.0362

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0095 BMD (High: 0.0478 / Low: 0.0383). On the other end, February was the most stable month, with a tight range of 0.0002 BMD (High: 0.0531 / Low: 0.0529).

June Spread (Volatile) ┬▒0.0095
February Spread (Stable) ┬▒0.0002

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0082 points.

Longest Streak 0 Mo.
Sharpest MoM Drop -0.0082

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0532) against the same month in 2022 (average: 0.0739), the exchange rate shifted by -0.0207 (-27.97%).

2023 Avg (January) 0.0532
2022 Avg (January) 0.0739

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 0.0535 0.0532 0.0532
February 0.0531 0.0529 0.0531
March 0.0531 0.0521 0.0526
April 0.0521 0.0514 0.0517
May 0.0514 0.0482 0.0506
June 0.0478 0.0383 0.0424
July 0.0388 0.0371 0.0378
August 0.0386 0.0367 0.0372
September 0.0375 0.0364 0.0370
October 0.0364 0.0353 0.0359
November 0.0353 0.0345 0.0349
December 0.0346 0.0338 0.0344