2023 TRY to CAD Historical Review

YEARLY HIGH

0.0731 CAD

YEARLY LOW

0.0448 CAD

YEARLY AVERAGE

0.0586 CAD

2023 TRY to CAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 11, valuing the pair at 0.0731. Conversely, the yearly low was recorded on December 28, dropping to 0.0448.

This high-to-low spread represents a total annual volatility of 0.0283 CAD. From a start-to-finish perspective, comparing the January average rate of 0.0715 to the December average rate of 0.0461, the exchange rate registered a net change of -35.50% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0731 was down 25.12% compared to the 2022 peak of 0.0976, 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 3,655 CAD

2022 Average 3,973 CAD

Yearly Trough Low 2,238 CAD

Transaction Impact: A difference of 1,417.29 CAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0747

0.0435

JanuMarcMayJulySeptNove

TRY to CAD 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 0.0683, compared to 0.0489 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0194 points.

H1 Avg (Jan–Jun) 0.0683

H2 Avg (Jul–Dec) 0.0489

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0139 CAD (High: 0.0643 / Low: 0.0504). On the other end, October was the most stable month, with a tight range of 0.0011 CAD (High: 0.0499 / Low: 0.0487).

June Spread (Volatile) ±0.0139

October Spread (Stable) ±0.0011

Growth Streaks & Declines

Trends

Between July and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0121 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0121

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.0721) against the same month in 2022 (average: 0.0866), the exchange rate shifted by -0.0145 (-16.71%).

2023 Avg (March) 0.0721

2022 Avg (March) 0.0866

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0730	0.0707	0.0715
February	0.0723	0.0705	0.0714
March	0.0731	0.0705	0.0721
April	0.0705	0.0690	0.0699
May	0.0700	0.0654	0.0684
June	0.0643	0.0504	0.0563
July	0.0515	0.0488	0.0500
August	0.0524	0.0491	0.0501
September	0.0510	0.0491	0.0502
October	0.0499	0.0487	0.0492
November	0.0488	0.0469	0.0478
December	0.0470	0.0448	0.0461