YEARLY HIGH
5.7560 BDT
YEARLY LOW
3.7235 BDT
YEARLY AVERAGE
4.6730 BDT

2023 TRY to BDT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to BDT exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 5.7560. Conversely, the yearly low was recorded on December 29, dropping to 3.7235.

This high-to-low spread represents a total annual volatility of 2.0325 BDT. From a start-to-finish perspective, comparing the January average rate of 5.5801 to the December average rate of 3.7808, the exchange rate registered a net change of -32.24% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 5.7560 was down 12.40% compared to the 2022 peak of 6.5707, 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 287,799 BDT
2022 Average 283,274 BDT
Yearly Trough Low 186,173 BDT
Transaction Impact: A difference of 101,626.29 BDT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

5.8264
3.5949
JanuMarcMayJulySeptNove

TRY to BDT 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 5.3792, compared to 3.9668 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.4124 points.

H1 Avg (Jan–Jun) 5.3792
H2 Avg (Jul–Dec) 3.9668

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.9838 BDT (High: 5.1306 / Low: 4.1468). On the other end, November was the most stable month, with a tight range of 0.0847 BDT (High: 3.8904 / Low: 3.8057).

June Spread (Volatile) ±0.9838
November Spread (Stable) ±0.0847

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 0.8421 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.8421

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 5.6405) against the same month in 2022 (average: 6.3010), the exchange rate shifted by -0.6605 (-10.48%).

2023 Avg (February) 5.6405
2022 Avg (February) 6.3010

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 5.6791 5.5191 5.5801
February 5.7560 5.5322 5.6405
March 5.6856 5.5011 5.5723
April 5.5839 5.3851 5.4871
May 5.5460 5.1643 5.4187
June 5.1306 4.1468 4.5766
July 4.1784 4.0135 4.0957
August 4.2164 4.0051 4.0601
September 4.1097 4.0151 4.0646
October 4.0195 3.8892 3.9507
November 3.8904 3.8057 3.8490
December 3.8226 3.7235 3.7808