2023 BWP to TRY Historical Review

YEARLY HIGH

2.1988 TRY

YEARLY LOW

1.4128 TRY

YEARLY AVERAGE

1.7780 TRY

2023 BWP to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BWP to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 2.1988. Conversely, the yearly low was recorded on March 8, dropping to 1.4128.

This high-to-low spread represents a total annual volatility of 0.7859 TRY. From a start-to-finish perspective, comparing the January average rate of 1.4703 to the December average rate of 2.1548, the exchange rate registered a net change of 46.56% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.1988 was up 50.55% compared to the 2022 peak of 1.4605, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,994 TRY

2022 Average 6,679 TRY

Yearly Trough Low 7,064 TRY

Transaction Impact: A difference of 3,929.69 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.2265

1.3657

JanuMarcMayJulySeptNove

BWP 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 1.5093, compared to 2.0468 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5375 points.

H1 Avg (Jan–Jun) 1.5093

H2 Avg (Jul–Dec) 2.0468

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.4309 TRY (High: 1.9468 / Low: 1.5159). On the other end, April was the most stable month, with a tight range of 0.0293 TRY (High: 1.4889 / Low: 1.4596).

June Spread (Volatile) ±0.4309

April Spread (Stable) ±0.0293

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 0.0295 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0295

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 2.1548) against the same month in 2022 (average: 1.4475), the exchange rate shifted by +0.7073 (+48.87%).

2023 Avg (December) 2.1548

2022 Avg (December) 1.4475

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.4886	1.4540	1.4703
February	1.4829	1.4176	1.4408
March	1.4741	1.4128	1.4375
April	1.4889	1.4596	1.4738
May	1.5056	1.4505	1.4679
June	1.9468	1.5159	1.7654
July	2.0753	1.9097	2.0005
August	2.0414	1.9252	1.9949
September	2.0072	1.9519	1.9793
October	2.0768	1.9918	2.0305
November	2.1508	2.0761	2.1208
December	2.1988	2.1126	2.1548

2023 BWP నుండి TRY చారిత్రక సమీక్ష