2023 TRY to AED Historical Review

YEARLY HIGH

0.1965 AED

YEARLY LOW

0.1243 AED

YEARLY AVERAGE

0.1594 AED

2023 TRY to AED Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to AED exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.1965. Conversely, the yearly low was recorded on December 28, dropping to 0.1243.

This high-to-low spread represents a total annual volatility of 0.0722 AED. From a start-to-finish perspective, comparing the January average rate of 0.1956 to the December average rate of 0.1262, the exchange rate registered a net change of -35.47% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1965 was down 30.12% compared to the 2022 peak of 0.2812, 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 9,824 AED

2022 Average 11,240 AED

Yearly Trough Low 6,213 AED

Transaction Impact: A difference of 3,611.41 AED purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2025

0.1193

JanuMarcMayJulySeptNove

TRY to AED 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 0.1858, compared to 0.1329 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0529 points.

H1 Avg (Jan–Jun) 0.1858

H2 Avg (Jul–Dec) 0.1329

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0349 AED (High: 0.1757 / Low: 0.1408). On the other end, February was the most stable month, with a tight range of 0.0007 AED (High: 0.1952 / Low: 0.1945).

June Spread (Volatile) ±0.0349

February Spread (Stable) ±0.0007

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 0.0302 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0302

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1956) against the same month in 2022 (average: 0.2715), the exchange rate shifted by -0.0759 (-27.97%).

2023 Avg (January) 0.1956

2022 Avg (January) 0.2715

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1965	0.1952	0.1956
February	0.1952	0.1945	0.1949
March	0.1951	0.1915	0.1933
April	0.1915	0.1888	0.1899
May	0.1887	0.1769	0.1858
June	0.1757	0.1408	0.1556
July	0.1427	0.1361	0.1388
August	0.1418	0.1350	0.1365
September	0.1376	0.1337	0.1360
October	0.1337	0.1298	0.1317
November	0.1297	0.1269	0.1281
December	0.1271	0.1243	0.1262