2023 SZL to TRY Historical Review

YEARLY HIGH

1.5969 TRY

YEARLY LOW

1.0173 TRY

YEARLY AVERAGE

1.2878 TRY

2023 SZL to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SZL to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 1.5969. Conversely, the yearly low was recorded on March 8, dropping to 1.0173.

This high-to-low spread represents a total annual volatility of 0.5796 TRY. From a start-to-finish perspective, comparing the January average rate of 1.0981 to the December average rate of 1.5620, the exchange rate registered a net change of 42.24% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.5969 was up 41.89% compared to the 2022 peak of 1.1255, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 7,985 TRY

2022 Average 5,052 TRY

Yearly Trough Low 5,087 TRY

Transaction Impact: A difference of 2,897.88 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.6144

0.9864

JanuMarcMayJulySeptNove

SZL 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 1.0946, compared to 1.4811 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3865 points.

H1 Avg (Jan–Jun) 1.0946

H2 Avg (Jul–Dec) 1.4811

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.3467 TRY (High: 1.4039 / Low: 1.0571). On the other end, April was the most stable month, with a tight range of 0.0342 TRY (High: 1.0813 / Low: 1.0471).

June Spread (Volatile) ±0.3467

April Spread (Stable) ±0.0342

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 0.0448 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0448

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 1.5620) against the same month in 2022 (average: 1.0808), the exchange rate shifted by +0.4813 (+44.53%).

2023 Avg (December) 1.5620

2022 Avg (December) 1.0808

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1178	1.0790	1.0981
February	1.1011	1.0234	1.0534
March	1.0771	1.0173	1.0412
April	1.0813	1.0471	1.0670
May	1.0663	1.0196	1.0387
June	1.4039	1.0571	1.2692
July	1.5351	1.3627	1.4544
August	1.4976	1.3887	1.4335
September	1.4545	1.3964	1.4251
October	1.5076	1.4198	1.4628
November	1.5795	1.5098	1.5486
December	1.5969	1.5167	1.5620