2023 TRY to HUF Historical Review

YEARLY HIGH

20.2588 HUF

YEARLY LOW

11.7005 HUF

YEARLY AVERAGE

15.3194 HUF

2023 TRY to HUF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to HUF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 20.2588. Conversely, the yearly low was recorded on December 28, dropping to 11.7005.

This high-to-low spread represents a total annual volatility of 8.5583 HUF. From a start-to-finish perspective, comparing the January average rate of 19.4910 to the December average rate of 12.0134, the exchange rate registered a net change of -38.36% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 20.2588 was down 19.61% compared to the 2022 peak of 25.1996, 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 1,012,941 HUF

2022 Average 1,128,554 HUF

Yearly Trough Low 585,023 HUF

Transaction Impact: A difference of 427,917.35 HUF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

20.2387

11.2657

JanuMarcMayJulySeptNove

TRY to HUF 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 17.8367, compared to 12.8020 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 5.0347 points.

H1 Avg (Jan–Jun) 17.8367

H2 Avg (Jul–Dec) 12.8020

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 3.5285 HUF (High: 16.4982 / Low: 12.9697). On the other end, September was the most stable month, with a tight range of 0.4344 HUF (High: 13.6686 / Low: 13.2342).

June Spread (Volatile) ±3.5285

September Spread (Stable) ±0.4344

Growth Streaks & Declines

Trends

Between July and September, 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 2.8514 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -2.8514

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 19.4910) against the same month in 2022 (average: 23.4442), the exchange rate shifted by -3.9532 (-16.86%).

2023 Avg (January) 19.4910

2022 Avg (January) 23.4442

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	20.2588	18.8466	19.4910
February	19.5290	18.6656	19.0661
March	19.7214	18.1765	18.9306
April	18.3571	17.4067	17.7099
May	17.5656	16.6987	17.3370
June	16.4982	12.9697	14.4856
July	13.5518	12.3475	12.9619
August	13.7162	12.8952	13.1148
September	13.6686	13.2342	13.4071
October	13.5158	12.7379	13.0883
November	12.7882	11.8572	12.2267
December	12.2892	11.7005	12.0134