YEARLY HIGH
1.9379 SRD
YEARLY LOW
1.2466 SRD
YEARLY AVERAGE
1.5745 SRD

2023 TRY to SRD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to SRD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 10, valuing the pair at 1.9379. Conversely, the yearly low was recorded on December 30, dropping to 1.2466.

This high-to-low spread represents a total annual volatility of 0.6912 SRD. From a start-to-finish perspective, comparing the January average rate of 1.6940 to the December average rate of 1.2841, the exchange rate registered a net change of -24.20% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.9379 was up 12.95% compared to the 2022 peak of 1.7157, 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 96,893 SRD
2022 Average 72,982 SRD
Yearly Trough Low 62,331 SRD
Transaction Impact: A difference of 34,562.19 SRD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.9629
1.2224
JanuMarcMayJulySeptNove

TRY to SRD 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 1.7736, compared to 1.3755 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3982 points.

H1 Avg (Jan–Jun) 1.7736
H2 Avg (Jul–Dec) 1.3755

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.3674 SRD (High: 1.8099 / Low: 1.4425). On the other end, November was the most stable month, with a tight range of 0.0370 SRD (High: 1.3461 / Low: 1.3091).

June Spread (Volatile) ±0.3674
November Spread (Stable) ±0.0370

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 0.2925 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.2925

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 1.8891) against the same month in 2022 (average: 1.3434), the exchange rate shifted by +0.5456 (+40.61%).

2023 Avg (May) 1.8891
2022 Avg (May) 1.3434

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.7233 1.6805 1.6940
February 1.7947 1.7005 1.7405
March 1.8822 1.7726 1.8204
April 1.9281 1.8612 1.9012
May 1.9379 1.7948 1.8891
June 1.8099 1.4425 1.5966
July 1.4779 1.4189 1.4352
August 1.4742 1.4052 1.4220
September 1.4417 1.3917 1.4180
October 1.3941 1.3443 1.3680
November 1.3461 1.3091 1.3253
December 1.3099 1.2466 1.2841