2023 TRY to AZN Historical Review

YEARLY HIGH

0.0910 AZN

YEARLY LOW

0.0575 AZN

YEARLY AVERAGE

0.0738 AZN

2023 TRY to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0910. Conversely, the yearly low was recorded on December 28, dropping to 0.0575.

This high-to-low spread represents a total annual volatility of 0.0334 AZN. From a start-to-finish perspective, comparing the January average rate of 0.0905 to the December average rate of 0.0584, the exchange rate registered a net change of -35.46% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0910 was down 30.12% compared to the 2022 peak of 0.1301, 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 4,548 AZN

2022 Average 5,202 AZN

Yearly Trough Low 2,876 AZN

Transaction Impact: A difference of 1,671.79 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0937

0.0552

JanuMarcMayJulySeptNove

TRY to AZN 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 0.0860, compared to 0.0615 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0245 points.

H1 Avg (Jan–Jun) 0.0860

H2 Avg (Jul–Dec) 0.0615

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0162 AZN (High: 0.0813 / Low: 0.0652). On the other end, February was the most stable month, with a tight range of 0.0003 AZN (High: 0.0903 / Low: 0.0900).

June Spread (Volatile) ±0.0162

February Spread (Stable) ±0.0003

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 0.0140 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0140

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0905) against the same month in 2022 (average: 0.1256), the exchange rate shifted by -0.0351 (-27.96%).

2023 Avg (January) 0.0905

2022 Avg (January) 0.1256

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0910	0.0904	0.0905
February	0.0903	0.0900	0.0902
March	0.0903	0.0886	0.0895
April	0.0886	0.0874	0.0879
May	0.0874	0.0819	0.0860
June	0.0813	0.0652	0.0720
July	0.0660	0.0630	0.0642
August	0.0656	0.0625	0.0632
September	0.0637	0.0619	0.0629
October	0.0619	0.0601	0.0610
November	0.0600	0.0587	0.0593
December	0.0588	0.0575	0.0584