2023 NPR to TRY Historical Review

YEARLY HIGH

0.2214 TRY

YEARLY LOW

0.1412 TRY

YEARLY AVERAGE

0.1800 TRY

2023 NPR to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NPR to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 0.2214. Conversely, the yearly low was recorded on January 3, dropping to 0.1412.

This high-to-low spread represents a total annual volatility of 0.0803 TRY. From a start-to-finish perspective, comparing the January average rate of 0.1435 to the December average rate of 0.2183, the exchange rate registered a net change of 52.16% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2214 was up 52.95% compared to the 2022 peak of 0.1448, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,107 TRY

2022 Average 657 TRY

Yearly Trough Low 706 TRY

Transaction Impact: A difference of 401.31 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2259

0.1351

JanuMarcMayJulySeptNove

NPR 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 0.1515, compared to 0.2086 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0571 points.

H1 Avg (Jan–Jun) 0.1515

H2 Avg (Jul–Dec) 0.2086

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0408 TRY (High: 0.1988 / Low: 0.1581). On the other end, February was the most stable month, with a tight range of 0.0018 TRY (High: 0.1437 / Low: 0.1420).

June Spread (Volatile) ±0.0408

February Spread (Stable) ±0.0018

Growth Streaks & Declines

Trends

Between February and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0008 points.

Longest Streak 10 Mo.

Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.2183) against the same month in 2022 (average: 0.1414), the exchange rate shifted by +0.0769 (+54.39%).

2023 Avg (December) 0.2183

2022 Avg (December) 0.1414

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1450	0.1412	0.1435
February	0.1437	0.1420	0.1426
March	0.1461	0.1422	0.1445
April	0.1506	0.1458	0.1476
May	0.1569	0.1486	0.1502
June	0.1988	0.1581	0.1804
July	0.2061	0.1968	0.2015
August	0.2056	0.1962	0.2032
September	0.2062	0.2012	0.2034
October	0.2129	0.2063	0.2096
November	0.2173	0.2126	0.2153
December	0.2214	0.2166	0.2183