2023 TRY to ETB Historical Review

YEARLY HIGH

2.8697 ETB

YEARLY LOW

1.8997 ETB

YEARLY AVERAGE

2.3691 ETB

2023 TRY to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 2.8697. Conversely, the yearly low was recorded on December 28, dropping to 1.8997.

This high-to-low spread represents a total annual volatility of 0.9700 ETB. From a start-to-finish perspective, comparing the January average rate of 2.8559 to the December average rate of 1.9299, the exchange rate registered a net change of -32.42% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.8697 was down 24.40% compared to the 2022 peak of 3.7957, 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 143,485 ETB

2022 Average 158,558 ETB

Yearly Trough Low 94,985 ETB

Transaction Impact: A difference of 48,499.95 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.9485

1.8373

JanuMarcMayJulySeptNove

TRY to ETB 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 2.7329, compared to 2.0052 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7277 points.

H1 Avg (Jan–Jun) 2.7329

H2 Avg (Jul–Dec) 2.0052

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.5246 ETB (High: 2.6156 / Low: 2.0910). On the other end, January was the most stable month, with a tight range of 0.0264 ETB (High: 2.8687 / Low: 2.8423).

June Spread (Volatile) ±0.5246

January Spread (Stable) ±0.0264

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 0.4385 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.4385

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 2.8494) against the same month in 2022 (average: 3.7011), the exchange rate shifted by -0.8517 (-23.01%).

2023 Avg (February) 2.8494

2022 Avg (February) 3.7011

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8687	2.8423	2.8559
February	2.8697	2.8336	2.8494
March	2.8564	2.7910	2.8289
April	2.8338	2.7549	2.8007
May	2.7926	2.6182	2.7505
June	2.6156	2.0910	2.3120
July	2.1227	2.0265	2.0714
August	2.1232	2.0138	2.0466
September	2.0696	2.0132	2.0445
October	2.0271	1.9673	1.9941
November	1.9656	1.9235	1.9449
December	1.9501	1.8997	1.9299