2023 TRY to MVR Historical Review

YEARLY HIGH

0.8239 MVR

YEARLY LOW

0.5210 MVR

YEARLY AVERAGE

0.6668 MVR

2023 TRY to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.8239. Conversely, the yearly low was recorded on December 28, dropping to 0.5210.

This high-to-low spread represents a total annual volatility of 0.3029 MVR. From a start-to-finish perspective, comparing the January average rate of 0.8191 to the December average rate of 0.5283, the exchange rate registered a net change of -35.51% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8239 was down 30.34% compared to the 2022 peak of 1.1828, 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 41,196 MVR

2022 Average 47,205 MVR

Yearly Trough Low 26,051 MVR

Transaction Impact: A difference of 15,144.46 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8482

0.4992

JanuMarcMayJulySeptNove

TRY to MVR 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 0.7772, compared to 0.5565 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2207 points.

H1 Avg (Jan–Jun) 0.7772

H2 Avg (Jul–Dec) 0.5565

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.1461 MVR (High: 0.7326 / Low: 0.5865). On the other end, February was the most stable month, with a tight range of 0.0035 MVR (High: 0.8162 / Low: 0.8127).

June Spread (Volatile) ±0.1461

February Spread (Stable) ±0.0035

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 0.1263 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.1263

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.8191) against the same month in 2022 (average: 1.1419), the exchange rate shifted by -0.3228 (-28.27%).

2023 Avg (January) 0.8191

2022 Avg (January) 1.1419

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8239	0.8154	0.8191
February	0.8162	0.8127	0.8146
March	0.8154	0.8029	0.8092
April	0.8035	0.7896	0.7940
May	0.7887	0.7371	0.7763
June	0.7326	0.5865	0.6500
July	0.5947	0.5689	0.5809
August	0.5944	0.5634	0.5712
September	0.5768	0.5618	0.5708
October	0.5591	0.5433	0.5518
November	0.5434	0.5303	0.5360
December	0.5323	0.5210	0.5283

2023 TRY నుండి MVR చారిత్రక సమీక్ష