2023 TRY to DOP Historical Review

YEARLY HIGH

3.0364 DOP

YEARLY LOW

1.9607 DOP

YEARLY AVERAGE

2.4247 DOP

2023 TRY to DOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to DOP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 3.0364. Conversely, the yearly low was recorded on December 28, dropping to 1.9607.

This high-to-low spread represents a total annual volatility of 1.0757 DOP. From a start-to-finish perspective, comparing the January average rate of 3.0131 to the December average rate of 1.9701, the exchange rate registered a net change of -34.62% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 3.0364 was down 30.70% compared to the 2022 peak of 4.3813, 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 151,822 DOP

2022 Average 168,545 DOP

Yearly Trough Low 98,036 DOP

Transaction Impact: A difference of 53,785.44 DOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

3.1174

1.8658

JanuMarcMayJulySeptNove

TRY to DOP 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 2.7994, compared to 2.0501 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7493 points.

H1 Avg (Jan–Jun) 2.7994

H2 Avg (Jul–Dec) 2.0501

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.5082 DOP (High: 2.6179 / Low: 2.1097). On the other end, December was the most stable month, with a tight range of 0.0252 DOP (High: 1.9859 / Low: 1.9607).

June Spread (Volatile) ±0.5082

December Spread (Stable) ±0.0252

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 0.4345 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.4345

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 2.9805) against the same month in 2022 (average: 4.1663), the exchange rate shifted by -1.1858 (-28.46%).

2023 Avg (February) 2.9805

2022 Avg (February) 4.1663

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3.0256	2.9979	3.0131
February	3.0364	2.9434	2.9805
March	2.9400	2.8412	2.8920
April	2.8603	2.7789	2.8279
May	2.8017	2.6285	2.7586
June	2.6179	2.1097	2.3241
July	2.1425	2.0767	2.1082
August	2.1893	2.0715	2.1040
September	2.1286	2.0674	2.1013
October	2.0710	2.0072	2.0368
November	2.0046	1.9619	1.9801
December	1.9859	1.9607	1.9701