2023 TRY to IRR Historical Review

YEARLY HIGH

2245.7673 IRR

YEARLY LOW

1421.5662 IRR

YEARLY AVERAGE

1831.4669 IRR

2023 TRY to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 3, valuing the pair at 2245.7673. Conversely, the yearly low was recorded on December 28, dropping to 1421.5662.

This high-to-low spread represents a total annual volatility of 824.2011 IRR. From a start-to-finish perspective, comparing the January average rate of 2232.8692 to the December average rate of 1451.2712, the exchange rate registered a net change of -35.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2245.7673 was down 30.57% compared to the 2022 peak of 3234.5736, 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 112,288,366 IRR

2022 Average 129,357,132 IRR

Yearly Trough Low 71,078,309 IRR

Transaction Impact: A difference of 41,210,057.42 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2318.6589

1372.4178

JanuMarcMayJulySeptNove

TRY to IRR 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 2134.2754, compared to 1528.6584 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 605.6169 points.

H1 Avg (Jan–Jun) 2134.2754

H2 Avg (Jul–Dec) 1528.6584

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 404.3561 IRR (High: 2023.8455 / Low: 1619.4894). On the other end, January was the most stable month, with a tight range of 30.6278 IRR (High: 2243.7858 / Low: 2213.1580).

June Spread (Volatile) ±404.3561

January Spread (Stable) ±30.6278

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 347.6170 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -347.6170

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 2219.0899) against the same month in 2022 (average: 2893.3905), the exchange rate shifted by -674.3006 (-23.30%).

2023 Avg (March) 2219.0899

2022 Avg (March) 2893.3905

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2243.7858	2213.1580	2232.8692
February	2244.5767	2206.2938	2239.8055
March	2245.7673	2181.4809	2219.0899
April	2204.3257	2171.8831	2184.7022
May	2172.2066	2037.7391	2138.4013
June	2023.8455	1619.4894	1790.7843
July	1641.0316	1557.5770	1596.0683
August	1631.6158	1552.6507	1570.9168
September	1582.3674	1538.4111	1564.3644
October	1538.2263	1492.1063	1515.0486
November	1490.5694	1459.5237	1474.2813
December	1461.9478	1421.5662	1451.2712