YEARLY HIGH
8.0476 TRY
YEARLY LOW
5.0893 TRY
YEARLY AVERAGE
6.4782 TRY

2023 AED to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AED to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 8.0476. Conversely, the yearly low was recorded on January 1, dropping to 5.0893.

This high-to-low spread represents a total annual volatility of 2.9582 TRY. From a start-to-finish perspective, comparing the January average rate of 5.1133 to the December average rate of 7.9238, the exchange rate registered a net change of 54.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 8.0476 was up 57.93% compared to the 2022 peak of 5.0955, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 40,238 TRY
2022 Average 22,565 TRY
Yearly Trough Low 25,447 TRY
Transaction Impact: A difference of 14,791.24 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

8.2049
4.8322
JanuMarcMayJulySeptNove

AED 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 5.4212, compared to 7.5352 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.1140 points.

H1 Avg (Jan–Jun) 5.4212
H2 Avg (Jul–Dec) 7.5352

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 1.4122 TRY (High: 7.1027 / Low: 5.6905). On the other end, February was the most stable month, with a tight range of 0.0191 TRY (High: 5.1425 / Low: 5.1234).

June Spread (Volatile) ±1.4122
February Spread (Stable) ±0.0191

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.
Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 7.9238) against the same month in 2022 (average: 5.0786), the exchange rate shifted by +2.8452 (+56.02%).

2023 Avg (December) 7.9238
2022 Avg (December) 5.0786

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 5.1220 5.0893 5.1133
February 5.1425 5.1234 5.1319
March 5.2222 5.1252 5.1735
April 5.2977 5.2218 5.2672
May 5.6516 5.2997 5.3843
June 7.1027 5.6905 6.4568
July 7.3456 7.0095 7.2079
August 7.4085 7.0541 7.3284
September 7.4771 7.2692 7.3539
October 7.7069 7.4780 7.5929
November 7.8825 7.7125 7.8041
December 8.0476 7.8695 7.9238