2023 TRY to GNF Historical Review

YEARLY HIGH

467.9817 GNF

YEARLY LOW

291.2713 GNF

YEARLY AVERAGE

374.0633 GNF

2023 TRY to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 467.9817. Conversely, the yearly low was recorded on December 28, dropping to 291.2713.

This high-to-low spread represents a total annual volatility of 176.7105 GNF. From a start-to-finish perspective, comparing the January average rate of 461.4593 to the December average rate of 295.6118, the exchange rate registered a net change of -35.94% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 467.9817 was down 34.54% compared to the 2022 peak of 714.8599, 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 23,399,087 GNF

2022 Average 27,003,852 GNF

Yearly Trough Low 14,563,564 GNF

Transaction Impact: A difference of 8,835,523.27 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

478.0440

279.0270

JanuMarcMayJulySeptNove

TRY to GNF 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 436.8313, compared to 311.2953 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 125.5360 points.

H1 Avg (Jan–Jun) 436.8313

H2 Avg (Jul–Dec) 311.2953

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 82.8216 GNF (High: 412.9117 / Low: 330.0900). On the other end, December was the most stable month, with a tight range of 7.2312 GNF (High: 298.5024 / Low: 291.2713).

June Spread (Volatile) ±82.8216

December Spread (Stable) ±7.2312

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 70.9140 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -70.9140

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 461.4593) against the same month in 2022 (average: 672.3753), the exchange rate shifted by -210.9160 (-31.37%).

2023 Avg (January) 461.4593

2022 Avg (January) 672.3753

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	467.9817	456.6720	461.4593
February	467.3667	453.1844	458.6479
March	467.4808	446.4165	454.5738
April	451.0329	437.3399	444.6237
May	443.7650	415.1199	436.2986
June	412.9117	330.0900	365.3846
July	332.4389	318.3308	325.1922
August	331.8855	316.3263	319.9445
September	321.6960	313.6638	318.5792
October	313.7065	303.6777	308.4063
November	304.6086	296.6327	300.0380
December	298.5024	291.2713	295.6118