2023 TRY to EUR Historical Review

YEARLY HIGH

0.0506 EUR

YEARLY LOW

0.0306 EUR

YEARLY AVERAGE

0.0401 EUR

2023 TRY to EUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to EUR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.0506. Conversely, the yearly low was recorded on December 28, dropping to 0.0306.

This high-to-low spread represents a total annual volatility of 0.0201 EUR. From a start-to-finish perspective, comparing the January average rate of 0.0494 to the December average rate of 0.0315, the exchange rate registered a net change of -36.26% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0506 was down 25.25% compared to the 2022 peak of 0.0677, 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 2,532 EUR

2022 Average 2,896 EUR

Yearly Trough Low 1,528 EUR

Transaction Impact: A difference of 1,003.41 EUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0514

0.0297

JanuMarcMayJulySeptNove

TRY to EUR 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 0.0468, compared to 0.0334 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0134 points.

H1 Avg (Jan–Jun) 0.0468

H2 Avg (Jul–Dec) 0.0334

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0094 EUR (High: 0.0445 / Low: 0.0351). On the other end, September was the most stable month, with a tight range of 0.0004 EUR (High: 0.0349 / Low: 0.0345).

June Spread (Volatile) ±0.0094

September Spread (Stable) ±0.0004

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 0.0074 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0074

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0494) against the same month in 2022 (average: 0.0653), the exchange rate shifted by -0.0159 (-24.40%).

2023 Avg (January) 0.0494

2022 Avg (January) 0.0653

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0506	0.0487	0.0494
February	0.0502	0.0483	0.0496
March	0.0501	0.0478	0.0491
April	0.0482	0.0462	0.0470
May	0.0469	0.0450	0.0465
June	0.0445	0.0351	0.0391
July	0.0356	0.0330	0.0342
August	0.0357	0.0336	0.0341
September	0.0349	0.0345	0.0347
October	0.0347	0.0333	0.0339
November	0.0333	0.0314	0.0322
December	0.0321	0.0306	0.0315