2023 TRY to ARS Historical Review

YEARLY HIGH

27.6240 ARS

YEARLY LOW

9.4551 ARS

YEARLY AVERAGE

12.1095 ARS

2023 TRY to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 27.6240. Conversely, the yearly low was recorded on January 1, dropping to 9.4551.

This high-to-low spread represents a total annual volatility of 18.1689 ARS. From a start-to-finish perspective, comparing the January average rate of 9.6926 to the December average rate of 21.6822, the exchange rate registered a net change of 123.70% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 27.6240 was up 191.40% compared to the 2022 peak of 9.4797, 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 1,381,201 ARS

2022 Average 392,720 ARS

Yearly Trough Low 472,756 ARS

Transaction Impact: A difference of 908,444.78 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

22.8812

8.4936

JanuMarcMayJulySeptNove

TRY to ARS 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 10.6366, compared to 13.5824 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.9458 points.

H1 Avg (Jan–Jun) 10.6366

H2 Avg (Jul–Dec) 13.5824

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 15.1439 ARS (High: 27.6240 / Low: 12.4802). On the other end, November was the most stable month, with a tight range of 0.2554 ARS (High: 12.4767 / Low: 12.2213).

December Spread (Volatile) ±15.1439

November Spread (Stable) ±0.2554

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 1.1712 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -1.1712

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 21.6822) against the same month in 2022 (average: 9.2369), the exchange rate shifted by +12.4454 (+134.74%).

2023 Avg (December) 21.6822

2022 Avg (December) 9.2369

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.9399	9.4551	9.6926
February	10.4388	9.9512	10.1741
March	10.8761	10.4591	10.6589
April	11.4203	10.8660	11.1249
May	11.8390	11.3907	11.6701
June	11.5030	9.7519	10.4989
July	10.2164	9.8461	10.0350
August	13.5077	10.2218	11.9479
September	13.0964	12.7450	12.9545
October	12.7861	12.3603	12.5512
November	12.4767	12.2213	12.3234
December	27.6240	12.4802	21.6822