YEARLY HIGH
0.7078 BWP
YEARLY LOW
0.4548 BWP
YEARLY AVERAGE
0.5779 BWP

2023 TRY to BWP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to BWP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 0.7078. Conversely, the yearly low was recorded on December 29, dropping to 0.4548.

This high-to-low spread represents a total annual volatility of 0.2530 BWP. From a start-to-finish perspective, comparing the January average rate of 0.6802 to the December average rate of 0.4642, the exchange rate registered a net change of -31.76% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7078 was down 21.40% compared to the 2022 peak of 0.9005, 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 35,390 BWP
2022 Average 37,636 BWP
Yearly Trough Low 22,740 BWP
Transaction Impact: A difference of 12,650.18 BWP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7189
0.4410
JanuMarcMayJulySeptNove

TRY to BWP 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 0.6666, compared to 0.4892 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the first half (JanтАУJun) by a margin of 0.1774 points.

H1 Avg (JanтАУJun) 0.6666
H2 Avg (JulтАУDec) 0.4892

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.1460 BWP (High: 0.6597 / Low: 0.5137). On the other end, April was the most stable month, with a tight range of 0.0135 BWP (High: 0.6851 / Low: 0.6716).

June Spread (Volatile) ┬▒0.1460
April Spread (Stable) ┬▒0.0135

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.1115 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.1115

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.6957) against the same month in 2022 (average: 0.7929), the exchange rate shifted by -0.0971 (-12.25%).

2023 Avg (March) 0.6957
2022 Avg (March) 0.7929

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 0.6878 0.6718 0.6802
February 0.7054 0.6743 0.6942
March 0.7078 0.6784 0.6957
April 0.6851 0.6716 0.6785
May 0.6894 0.6642 0.6813
June 0.6597 0.5137 0.5697
July 0.5237 0.4819 0.5003
August 0.5194 0.4899 0.5014
September 0.5123 0.4982 0.5053
October 0.5021 0.4815 0.4926
November 0.4817 0.4649 0.4716
December 0.4734 0.4548 0.4642