2023 MVR to TRY Historical Review

YEARLY HIGH

1.9193 TRY

YEARLY LOW

1.2137 TRY

YEARLY AVERAGE

1.5478 TRY

2023 MVR to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MVR to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 1.9193. Conversely, the yearly low was recorded on January 1, dropping to 1.2137.

This high-to-low spread represents a total annual volatility of 0.7056 TRY. From a start-to-finish perspective, comparing the January average rate of 1.2208 to the December average rate of 1.8930, the exchange rate registered a net change of 55.06% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.9193 was up 57.32% compared to the 2022 peak of 1.2200, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,596 TRY

2022 Average 5,375 TRY

Yearly Trough Low 6,069 TRY

Transaction Impact: A difference of 3,527.89 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.9602

1.1536

JanuMarcMayJulySeptNove

MVR 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 1.2964, compared to 1.7993 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5030 points.

H1 Avg (Jan–Jun) 1.2964

H2 Avg (Jul–Dec) 1.7993

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.3400 TRY (High: 1.7051 / Low: 1.3651). On the other end, February was the most stable month, with a tight range of 0.0053 TRY (High: 1.2305 / Low: 1.2252).

June Spread (Volatile) ±0.3400

February Spread (Stable) ±0.0053

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: 1.8930) against the same month in 2022 (average: 1.2134), the exchange rate shifted by +0.6795 (+56.00%).

2023 Avg (December) 1.8930

2022 Avg (December) 1.2134

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2263	1.2137	1.2208
February	1.2305	1.2252	1.2277
March	1.2455	1.2263	1.2358
April	1.2665	1.2445	1.2595
May	1.3568	1.2679	1.2885
June	1.7051	1.3651	1.5457
July	1.7577	1.6816	1.7219
August	1.7751	1.6825	1.7511
September	1.7801	1.7338	1.7520
October	1.8405	1.7885	1.8124
November	1.8859	1.8404	1.8656
December	1.9193	1.8787	1.8930