2023 TRY to IDR Historical Review

YEARLY HIGH

832.9639 IDR

YEARLY LOW

522.1178 IDR

YEARLY AVERAGE

660.0281 IDR

2023 TRY to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 832.9639. Conversely, the yearly low was recorded on December 30, dropping to 522.1178.

This high-to-low spread represents a total annual volatility of 310.8461 IDR. From a start-to-finish perspective, comparing the January average rate of 811.6333 to the December average rate of 532.0842, the exchange rate registered a net change of -34.44% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 832.9639 was down 23.83% compared to the 2022 peak of 1093.5270, 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 41,648,197 IDR

2022 Average 45,292,903 IDR

Yearly Trough Low 26,105,890 IDR

Transaction Impact: A difference of 15,542,306.67 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

839.5882

504.1293

JanuMarcMayJulySeptNove

TRY to IDR 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 762.3662, compared to 557.6899 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 204.6763 points.

H1 Avg (Jan–Jun) 762.3662

H2 Avg (Jul–Dec) 557.6899

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 138.1779 IDR (High: 713.5610 / Low: 575.3831). On the other end, October was the most stable month, with a tight range of 6.7490 IDR (High: 567.4224 / Low: 560.6734).

June Spread (Volatile) ±138.1779

October Spread (Stable) ±6.7490

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 117.9332 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -117.9332

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 811.6333) against the same month in 2022 (average: 1059.4061), the exchange rate shifted by -247.7728 (-23.39%).

2023 Avg (January) 811.6333

2022 Avg (January) 1059.4061

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	832.9639	794.3534	811.6333
February	808.7754	791.5431	804.5679
March	818.1681	780.5034	805.1366
April	780.9872	754.1264	768.8622
May	758.2093	722.1852	750.9652
June	713.5610	575.3831	633.0320
July	582.3333	556.1741	568.9743
August	588.4238	557.5796	567.2261
September	572.9820	563.6971	569.2405
October	567.4224	560.6734	565.1043
November	561.5691	530.6912	543.5102
December	540.4491	522.1178	532.0842