YEARLY HIGH
31.6581 CRC
YEARLY LOW
17.6275 CRC
YEARLY AVERAGE
23.5767 CRC

2023 TRY to CRC Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to CRC exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 31.6581. Conversely, the yearly low was recorded on December 29, dropping to 17.6275.

This high-to-low spread represents a total annual volatility of 14.0306 CRC. From a start-to-finish perspective, comparing the January average rate of 30.6038 to the December average rate of 18.0487, the exchange rate registered a net change of -41.02% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 31.6581 was down 35.61% compared to the 2022 peak of 49.1654, 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 1,582,903 CRC
2022 Average 1,977,056 CRC
Yearly Trough Low 881,373 CRC
Transaction Impact: A difference of 701,530.55 CRC purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

31.8593
16.7931
JanuMarcMayJulySeptNove

TRY to CRC 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 27.8424, compared to 19.3111 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 8.5312 points.

H1 Avg (Jan–Jun) 27.8424
H2 Avg (Jul–Dec) 19.3111

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 5.0502 CRC (High: 25.8054 / Low: 20.7551). On the other end, November was the most stable month, with a tight range of 0.4389 CRC (High: 18.7336 / Low: 18.2947).

June Spread (Volatile) ±5.0502
November Spread (Stable) ±0.4389

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 4.3183 points.

Longest Streak 0 Mo.
Sharpest MoM Drop -4.3183

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 30.6038) against the same month in 2022 (average: 47.2207), the exchange rate shifted by -16.6170 (-35.19%).

2023 Avg (January) 30.6038
2022 Avg (January) 47.2207

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 31.6581 29.3583 30.6038
February 30.8880 29.3052 29.9827
March 29.7071 28.1325 28.7174
April 28.2393 27.3378 27.6901
May 27.8721 26.0018 27.1893
June 25.8054 20.7551 22.8709
July 21.0002 19.8403 20.4102
August 20.8131 19.5809 19.9978
September 20.1941 19.5231 19.8289
October 19.4908 18.7307 19.0735
November 18.7336 18.2947 18.5076
December 18.3167 17.6275 18.0487