2023 TRY to CDF Historical Review

YEARLY HIGH

117.2286 CDF

YEARLY LOW

85.6766 CDF

YEARLY AVERAGE

99.6092 CDF

2023 TRY to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 23, valuing the pair at 117.2286. Conversely, the yearly low was recorded on November 25, dropping to 85.6766.

This high-to-low spread represents a total annual volatility of 31.5520 CDF. From a start-to-finish perspective, comparing the January average rate of 109.0854 to the December average rate of 93.5599, the exchange rate registered a net change of -14.23% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 117.2286 was down 23.57% compared to the 2022 peak of 153.3839, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 5,861,431 CDF

2022 Average 6,176,273 CDF

Yearly Trough Low 4,283,832 CDF

Transaction Impact: A difference of 1,577,598.74 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

112.8290

86.5315

JanuMarcMayJulySeptNove

TRY to CDF 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 107.5826, compared to 91.6359 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 15.9467 points.

H1 Avg (Jan–Jun) 107.5826

H2 Avg (Jul–Dec) 91.6359

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 19.9360 CDF (High: 111.3163 / Low: 91.3803). On the other end, February was the most stable month, with a tight range of 2.1069 CDF (High: 110.4547 / Low: 108.3478).

June Spread (Volatile) ±19.9360

February Spread (Stable) ±2.1069

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 10.7161 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -10.7161

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 110.6375) against the same month in 2022 (average: 128.8783), the exchange rate shifted by -18.2408 (-14.15%).

2023 Avg (May) 110.6375

2022 Avg (May) 128.8783

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	110.0833	107.9169	109.0854
February	110.4547	108.3478	109.4209
March	109.6405	106.6836	108.8376
April	112.4480	105.5068	107.5929
May	117.2286	103.8846	110.6375
June	111.3163	91.3803	99.9214
July	95.1471	90.5146	93.2742
August	95.8295	89.6962	92.0073
September	93.2773	90.6194	91.9582
October	92.3086	88.4623	90.2927
November	94.2439	85.6766	88.7229
December	95.8834	91.2633	93.5599

2023 இந்திய ரூபாய் முதல் பவுண்ட் வரையிலான வரலாற்று ஆய்வு