2023 TRY to BZD Historical Review

YEARLY HIGH

0.1080 BZD

YEARLY LOW

0.0684 BZD

YEARLY AVERAGE

0.0874 BZD

2023 TRY to BZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to BZD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 0.1080. Conversely, the yearly low was recorded on December 29, dropping to 0.0684.

This high-to-low spread represents a total annual volatility of 0.0396 BZD. From a start-to-finish perspective, comparing the January average rate of 0.1073 to the December average rate of 0.0693, the exchange rate registered a net change of -35.39% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1080 was down 30.03% compared to the 2022 peak of 0.1544, 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 5,401 BZD

2022 Average 6,168 BZD

Yearly Trough Low 3,419 BZD

Transaction Impact: A difference of 1,981.71 BZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1111

0.0655

JanuMarcMayJulySeptNove

TRY to BZD 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 0.1019, compared to 0.0729 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0290 points.

H1 Avg (Jan–Jun) 0.1019

H2 Avg (Jul–Dec) 0.0729

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0192 BZD (High: 0.0964 / Low: 0.0772). On the other end, January was the most stable month, with a tight range of 0.0010 BZD (High: 0.1078 / Low: 0.1068).

June Spread (Volatile) ±0.0192

January Spread (Stable) ±0.0010

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 0.0165 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0165

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.1070) against the same month in 2022 (average: 0.1477), the exchange rate shifted by -0.0408 (-27.60%).

2023 Avg (February) 0.1070

2022 Avg (February) 0.1477

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1078	0.1068	0.1073
February	0.1080	0.1063	0.1070
March	0.1071	0.1045	0.1058
April	0.1050	0.1023	0.1041
May	0.1035	0.0971	0.1019
June	0.0964	0.0772	0.0854
July	0.0778	0.0746	0.0761
August	0.0778	0.0740	0.0749
September	0.0755	0.0734	0.0746
October	0.0735	0.0711	0.0722
November	0.0711	0.0696	0.0702
December	0.0700	0.0684	0.0693