2023 TRY to KMF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 TRY to KMF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the TRY to KMF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 24.9333. Conversely, the yearly low was recorded on December 28, dropping to 15.0606.
This high-to-low spread represents a total annual volatility of 9.8727 KMF. From a start-to-finish perspective, comparing the January average rate of 24.3361 to the December average rate of 15.5046, the exchange rate registered a net change of -36.29% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 24.9333 was down 25.35% compared to the 2022 peak of 33.3984, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 TRY based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
TRY to KMF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 23.0667, compared to 16.4700 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 6.5966 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 4.7639 KMF (High: 22.0733 / Low: 17.3094). On the other end, September was the most stable month, with a tight range of 0.1943 KMF (High: 17.1666 / Low: 16.9722).
Growth Streaks & Declines
TrendsNo 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 3.6502 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 24.3361) against the same month in 2022 (average: 32.1308), the exchange rate shifted by -7.7948 (-24.26%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 24.9333 | 23.9854 | 24.3361 |
| February | 24.7372 | 23.9752 | 24.4115 |
| March | 24.7082 | 23.5562 | 24.2443 |
| April | 23.5880 | 22.9307 | 23.2084 |
| May | 23.0964 | 22.2248 | 22.9250 |
| June | 22.0733 | 17.3094 | 19.2747 |
| July | 17.5260 | 16.2768 | 16.8354 |
| August | 17.5609 | 16.5151 | 16.7743 |
| September | 17.1666 | 16.9722 | 17.0644 |
| October | 17.0936 | 16.3933 | 16.7194 |
| November | 16.4942 | 15.4709 | 15.9222 |
| December | 15.8275 | 15.0606 | 15.5046 |