2023 NAD to TRY Historical Review

YEARLY HIGH

1.5959 TRY

YEARLY LOW

1.0123 TRY

YEARLY AVERAGE

1.2836 TRY

2023 NAD to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NAD to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 1.5959. Conversely, the yearly low was recorded on May 13, dropping to 1.0123.

This high-to-low spread represents a total annual volatility of 0.5836 TRY. From a start-to-finish perspective, comparing the January average rate of 1.0997 to the December average rate of 1.5578, the exchange rate registered a net change of 41.66% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.5959 was up 39.68% compared to the 2022 peak of 1.1426, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 7,980 TRY

2022 Average 5,071 TRY

Yearly Trough Low 5,062 TRY

Transaction Impact: A difference of 2,918.06 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.6100

0.9841

JanuMarcMayJulySeptNove

NAD 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 1.0938, compared to 1.4735 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3797 points.

H1 Avg (Jan–Jun) 1.0938

H2 Avg (Jul–Dec) 1.4735

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.3382 TRY (High: 1.3981 / Low: 1.0599). On the other end, January was the most stable month, with a tight range of 0.0324 TRY (High: 1.1179 / Low: 1.0855).

June Spread (Volatile) ±0.3382

January Spread (Stable) ±0.0324

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0449 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0449

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 1.5578) against the same month in 2022 (average: 1.0819), the exchange rate shifted by +0.4759 (+43.99%).

2023 Avg (December) 1.5578

2022 Avg (December) 1.0819

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1179	1.0855	1.0997
February	1.1047	1.0252	1.0548
March	1.0726	1.0179	1.0396
April	1.0829	1.0405	1.0643
May	1.0663	1.0123	1.0363
June	1.3981	1.0599	1.2680
July	1.5277	1.3709	1.4523
August	1.4758	1.3647	1.4285
September	1.4519	1.3962	1.4237
October	1.5033	1.3930	1.4489
November	1.5761	1.4291	1.5296
December	1.5959	1.5181	1.5578