2023 NZD to TRY Historical Review

YEARLY HIGH

18.7230 TRY

YEARLY LOW

11.5628 TRY

YEARLY AVERAGE

14.5726 TRY

2023 NZD to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NZD to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 18.7230. Conversely, the yearly low was recorded on March 7, dropping to 11.5628.

This high-to-low spread represents a total annual volatility of 7.1602 TRY. From a start-to-finish perspective, comparing the January average rate of 12.0308 to the December average rate of 18.1277, the exchange rate registered a net change of 50.68% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 18.7230 was up 55.72% compared to the 2022 peak of 12.0234, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 93,615 TRY

2022 Average 52,423 TRY

Yearly Trough Low 57,814 TRY

Transaction Impact: A difference of 35,801.12 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

18.7610

11.1610

JanuMarcMayJulySeptNove

NZD 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 12.4169, compared to 16.7282 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.3113 points.

H1 Avg (Jan–Jun) 12.4169

H2 Avg (Jul–Dec) 16.7282

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 3.4025 TRY (High: 16.0778 / Low: 12.6753). On the other end, April was the most stable month, with a tight range of 0.3005 TRY (High: 12.1912 / Low: 11.8907).

June Spread (Volatile) ±3.4025

April Spread (Stable) ±0.3005

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.3565 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.3565

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 18.1277) against the same month in 2022 (average: 11.8528), the exchange rate shifted by +6.2749 (+52.94%).

2023 Avg (December) 18.1277

2022 Avg (December) 11.8528

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.2145	11.6881	12.0308
February	12.2614	11.6087	11.8384
March	12.0245	11.5628	11.7943
April	12.1912	11.8907	12.0116
May	12.5034	11.9964	12.2720
June	16.0778	12.6753	14.5546
July	16.9660	15.7847	16.4760
August	16.5631	15.3367	16.1195
September	16.4342	15.7527	16.0132
October	16.7548	16.2876	16.4394
November	17.8143	16.6536	17.1937
December	18.7230	17.7296	18.1277