2023 TRY to GMD Historical Review

YEARLY HIGH

3.3289 GMD

YEARLY LOW

2.2090 GMD

YEARLY AVERAGE

2.6925 GMD

2023 TRY to GMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 23, valuing the pair at 3.3289. Conversely, the yearly low was recorded on July 24, dropping to 2.2090.

This high-to-low spread represents a total annual volatility of 1.1199 GMD. From a start-to-finish perspective, comparing the January average rate of 3.3026 to the December average rate of 2.3146, the exchange rate registered a net change of -29.92% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 3.3289 was down 17.92% compared to the 2022 peak of 4.0557, 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 166,446 GMD

2022 Average 168,798 GMD

Yearly Trough Low 110,450 GMD

Transaction Impact: A difference of 55,996.02 GMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

3.4077

2.1460

JanuMarcMayJulySeptNove

TRY to GMD 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 3.0860, compared to 2.2990 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7870 points.

H1 Avg (Jan–Jun) 3.0860

H2 Avg (Jul–Dec) 2.2990

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.5642 GMD (High: 2.8501 / Low: 2.2859). On the other end, March was the most stable month, with a tight range of 0.0410 GMD (High: 3.2451 / Low: 3.2040).

June Spread (Volatile) ±0.5642

March Spread (Stable) ±0.0410

Growth Streaks & Declines

Trends

Between August and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.5044 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.5044

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 3.3026) against the same month in 2022 (average: 3.9031), the exchange rate shifted by -0.6005 (-15.38%).

2023 Avg (January) 3.3026

2022 Avg (January) 3.9031

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3.3289	3.2506	3.3026
February	3.2733	3.2300	3.2415
March	3.2451	3.2040	3.2308
April	3.2407	3.0818	3.1976
May	3.0866	2.8697	3.0240
June	2.8501	2.2859	2.5196
July	2.3130	2.2090	2.2534
August	2.3485	2.2203	2.2511
September	2.3876	2.2432	2.2882
October	2.3847	2.3033	2.3528
November	2.3636	2.2890	2.3338
December	2.3302	2.2778	2.3146