2023 TRY to HNL Historical Review

YEARLY HIGH

1.3219 HNL

YEARLY LOW

0.8363 HNL

YEARLY AVERAGE

1.0698 HNL

2023 TRY to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 1.3219. Conversely, the yearly low was recorded on December 28, dropping to 0.8363.

This high-to-low spread represents a total annual volatility of 0.4855 HNL. From a start-to-finish perspective, comparing the January average rate of 1.3133 to the December average rate of 0.8493, the exchange rate registered a net change of -35.34% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.3219 was down 29.38% compared to the 2022 peak of 1.8718, 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 66,094 HNL

2022 Average 75,273 HNL

Yearly Trough Low 41,817 HNL

Transaction Impact: A difference of 24,276.62 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.3597

0.8029

JanuMarcMayJulySeptNove

TRY to HNL 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 1.2466, compared to 0.8930 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3536 points.

H1 Avg (Jan–Jun) 1.2466

H2 Avg (Jul–Dec) 0.8930

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.2318 HNL (High: 1.1793 / Low: 0.9475). On the other end, January was the most stable month, with a tight range of 0.0135 HNL (High: 1.3212 / Low: 1.3077).

June Spread (Volatile) ±0.2318

January Spread (Stable) ±0.0135

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 0.2005 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.2005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 1.3079) against the same month in 2022 (average: 1.8022), the exchange rate shifted by -0.4944 (-27.43%).

2023 Avg (February) 1.3079

2022 Avg (February) 1.8022

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.3212	1.3077	1.3133
February	1.3219	1.2974	1.3079
March	1.3100	1.2785	1.2964
April	1.2858	1.2508	1.2710
May	1.2661	1.1875	1.2458
June	1.1793	0.9475	1.0454
July	0.9538	0.9106	0.9305
August	0.9596	0.9044	0.9147
September	0.9296	0.9016	0.9172
October	0.9036	0.8710	0.8858
November	0.8732	0.8527	0.8608
December	0.8566	0.8363	0.8493