2023 TRY to GBP Historical Review

YEARLY HIGH

0.0447 GBP

YEARLY LOW

0.0266 GBP

YEARLY AVERAGE

0.0350 GBP

2023 TRY to GBP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to GBP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.0447. Conversely, the yearly low was recorded on December 28, dropping to 0.0266.

This high-to-low spread represents a total annual volatility of 0.0182 GBP. From a start-to-finish perspective, comparing the January average rate of 0.0435 to the December average rate of 0.0271, the exchange rate registered a net change of -37.61% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0447 was down 21.22% compared to the 2022 peak of 0.0568, 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 2,237 GBP

2022 Average 2,467 GBP

Yearly Trough Low 1,328 GBP

Transaction Impact: A difference of 908.18 GBP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0457

0.0254

JanuMarcMayJulySeptNove

TRY to GBP 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 0.0411, compared to 0.0289 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0122 points.

H1 Avg (Jan–Jun) 0.0411

H2 Avg (Jul–Dec) 0.0289

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0082 GBP (High: 0.0383 / Low: 0.0302). On the other end, September was the most stable month, with a tight range of 0.0005 GBP (High: 0.0301 / Low: 0.0296).

June Spread (Volatile) ±0.0082

September Spread (Stable) ±0.0005

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 0.0070 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0070

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0435) against the same month in 2022 (average: 0.0545), the exchange rate shifted by -0.0110 (-20.25%).

2023 Avg (January) 0.0435

2022 Avg (January) 0.0545

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0447	0.0428	0.0435
February	0.0444	0.0429	0.0440
March	0.0447	0.0421	0.0434
April	0.0424	0.0409	0.0415
May	0.0412	0.0387	0.0405
June	0.0383	0.0302	0.0335
July	0.0306	0.0285	0.0293
August	0.0306	0.0288	0.0293
September	0.0301	0.0296	0.0299
October	0.0301	0.0291	0.0295
November	0.0290	0.0272	0.0281
December	0.0275	0.0266	0.0271