2023 TRY to HKD Historical Review

YEARLY HIGH

0.4177 HKD

YEARLY LOW

0.2643 HKD

YEARLY AVERAGE

0.3398 HKD

2023 TRY to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 21, valuing the pair at 0.4177. Conversely, the yearly low was recorded on December 28, dropping to 0.2643.

This high-to-low spread represents a total annual volatility of 0.1534 HKD. From a start-to-finish perspective, comparing the January average rate of 0.4164 to the December average rate of 0.2684, the exchange rate registered a net change of -35.55% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4177 was down 30.04% compared to the 2022 peak of 0.5970, 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 20,884 HKD

2022 Average 23,960 HKD

Yearly Trough Low 13,215 HKD

Transaction Impact: A difference of 7,668.89 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4312

0.2536

JanuMarcMayJulySeptNove

TRY to HKD 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 0.3966, compared to 0.2829 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1137 points.

H1 Avg (Jan–Jun) 0.3966

H2 Avg (Jul–Dec) 0.2829

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0746 HKD (High: 0.3747 / Low: 0.3001). On the other end, February was the most stable month, with a tight range of 0.0019 HKD (High: 0.4170 / Low: 0.4152).

June Spread (Volatile) ±0.0746

February Spread (Stable) ±0.0019

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 0.0647 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0647

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.4164) against the same month in 2022 (average: 0.5759), the exchange rate shifted by -0.1596 (-27.70%).

2023 Avg (January) 0.4164

2022 Avg (January) 0.5759

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4177	0.4155	0.4164
February	0.4170	0.4152	0.4163
March	0.4169	0.4093	0.4131
April	0.4093	0.4035	0.4058
May	0.4033	0.3773	0.3965
June	0.3747	0.3001	0.3318
July	0.3044	0.2894	0.2954
August	0.3026	0.2870	0.2908
September	0.2938	0.2851	0.2899
October	0.2851	0.2764	0.2806
November	0.2761	0.2694	0.2724
December	0.2704	0.2643	0.2684