2023 TRY to DKK Historical Review

YEARLY HIGH

0.3766 DKK

YEARLY LOW

0.2278 DKK

YEARLY AVERAGE

0.2990 DKK

2023 TRY to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.3766. Conversely, the yearly low was recorded on December 28, dropping to 0.2278.

This high-to-low spread represents a total annual volatility of 0.1487 DKK. From a start-to-finish perspective, comparing the January average rate of 0.3673 to the December average rate of 0.2347, the exchange rate registered a net change of -36.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3766 was down 25.26% compared to the 2022 peak of 0.5038, 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 18,828 DKK

2022 Average 21,547 DKK

Yearly Trough Low 11,392 DKK

Transaction Impact: A difference of 7,435.27 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3827

0.2212

JanuMarcMayJulySeptNove

TRY to DKK 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 0.3487, compared to 0.2493 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0994 points.

H1 Avg (Jan–Jun) 0.3487

H2 Avg (Jul–Dec) 0.2493

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0704 DKK (High: 0.3318 / Low: 0.2614). On the other end, September was the most stable month, with a tight range of 0.0031 DKK (High: 0.2602 / Low: 0.2571).

June Spread (Volatile) ±0.0704

September Spread (Stable) ±0.0031

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 0.0557 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0557

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.3673) against the same month in 2022 (average: 0.4859), the exchange rate shifted by -0.1186 (-24.40%).

2023 Avg (January) 0.3673

2022 Avg (January) 0.4859

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3766	0.3622	0.3673
February	0.3740	0.3589	0.3693
March	0.3729	0.3561	0.3661
April	0.3591	0.3473	0.3515
May	0.3505	0.3355	0.3469
June	0.3318	0.2614	0.2912
July	0.2652	0.2462	0.2546
August	0.2663	0.2501	0.2539
September	0.2602	0.2571	0.2586
October	0.2591	0.2488	0.2532
November	0.2489	0.2342	0.2405
December	0.2395	0.2278	0.2347