YEARLY HIGH
4.2471 RUB
YEARLY LOW
2.9933 RUB
YEARLY AVERAGE
3.6417 RUB

2023 TRY to RUB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to RUB exchange rate experienced significant fluctuation. The market reached its absolute peak on April 11, valuing the pair at 4.2471. Conversely, the yearly low was recorded on December 28, dropping to 2.9933.

This high-to-low spread represents a total annual volatility of 1.2538 RUB. From a start-to-finish perspective, comparing the January average rate of 3.7256 to the December average rate of 3.1294, the exchange rate registered a net change of -16.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 4.2471 was down 57.20% compared to the 2022 peak of 9.9229, 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 212,355 RUB
2022 Average 217,521 RUB
Yearly Trough Low 149,667 RUB
Transaction Impact: A difference of 62,687.83 RUB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

4.2931
3.0236
JanuMarcMayJulySeptNove

TRY to RUB 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 3.8940, compared to 3.3894 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5046 points.

H1 Avg (Jan–Jun) 3.8940
H2 Avg (Jul–Dec) 3.3894

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.6410 RUB (High: 3.8757 / Low: 3.2347). On the other end, March was the most stable month, with a tight range of 0.1085 RUB (High: 4.0621 / Low: 3.9537).

June Spread (Volatile) ±0.6410
March Spread (Stable) ±0.1085

Growth Streaks & Declines

Trends

Between January and April, 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 May and June, when the average rate fell by 0.4753 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.4753

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 4.1873) against the same month in 2022 (average: 5.4485), the exchange rate shifted by -1.2611 (-23.15%).

2023 Avg (April) 4.1873
2022 Avg (April) 5.4485

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 3.9430 3.5133 3.7256
February 4.0275 3.7159 3.9006
March 4.0621 3.9537 4.0181
April 4.2471 4.0424 4.1873
May 4.1452 3.8354 4.0039
June 3.8757 3.2347 3.5286
July 3.5019 3.3425 3.4232
August 3.6928 3.4254 3.5606
September 3.6696 3.5192 3.5814
October 3.6570 3.2882 3.4811
November 3.2822 3.0603 3.1607
December 3.2089 2.9933 3.1294