2023 SRD to TRY Historical Review

YEARLY HIGH

0.8022 TRY

YEARLY LOW

0.5160 TRY

YEARLY AVERAGE

0.6474 TRY

2023 SRD to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SRD to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 0.8022. Conversely, the yearly low was recorded on May 10, dropping to 0.5160.

This high-to-low spread represents a total annual volatility of 0.2861 TRY. From a start-to-finish perspective, comparing the January average rate of 0.5903 to the December average rate of 0.7790, the exchange rate registered a net change of 31.95% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8022 was up 0.82% compared to the 2022 peak of 0.7956, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,011 TRY

2022 Average 3,451 TRY

Yearly Trough Low 2,580 TRY

Transaction Impact: A difference of 1,430.70 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8043

0.5007

JanuMarcMayJulySeptNove

SRD 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 0.5665, compared to 0.7283 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1618 points.

H1 Avg (Jan–Jun) 0.5665

H2 Avg (Jul–Dec) 0.7283

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.1407 TRY (High: 0.6932 / Low: 0.5525). On the other end, January was the most stable month, with a tight range of 0.0148 TRY (High: 0.5950 / Low: 0.5803).

June Spread (Volatile) ±0.1407

January Spread (Stable) ±0.0148

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0252 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0252

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.7790) against the same month in 2022 (average: 0.5888), the exchange rate shifted by +0.1901 (+32.29%).

2023 Avg (December) 0.7790

2022 Avg (December) 0.5888

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5950	0.5803	0.5903
February	0.5881	0.5572	0.5747
March	0.5641	0.5313	0.5495
April	0.5373	0.5186	0.5260
May	0.5572	0.5160	0.5295
June	0.6932	0.5525	0.6289
July	0.7048	0.6766	0.6968
August	0.7117	0.6783	0.7033
September	0.7186	0.6936	0.7053
October	0.7439	0.7173	0.7311
November	0.7639	0.7429	0.7546
December	0.8022	0.7634	0.7790