2023 TRY to KRW Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 TRY to KRW Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the TRY to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on February 28, valuing the pair at 69.9991. Conversely, the yearly low was recorded on December 28, dropping to 43.5112.
This high-to-low spread represents a total annual volatility of 26.4880 KRW. From a start-to-finish perspective, comparing the January average rate of 66.1619 to the December average rate of 44.7251, the exchange rate registered a net change of -32.40% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 69.9991 was down 23.53% compared to the 2022 peak of 91.5388, 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 KRW 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 65.5200, compared to 47.6428 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 17.8773 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 12.9225 KRW (High: 62.8289 / Low: 49.9064). On the other end, September was the most stable month, with a tight range of 0.8605 KRW (High: 49.8258 / Low: 48.9654).
Growth Streaks & Declines
TrendsBetween January and March, 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 12.3048 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 67.8957) against the same month in 2022 (average: 87.8031), the exchange rate shifted by -19.9074 (-22.67%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 68.2932 | 65.3840 | 66.1619 |
| February | 69.9991 | 64.9490 | 67.8957 |
| March | 69.9429 | 67.4969 | 68.6880 |
| April | 69.0426 | 67.2943 | 68.3195 |
| May | 69.0130 | 63.6897 | 67.1800 |
| June | 62.8289 | 49.9064 | 54.8752 |
| July | 51.1264 | 46.9450 | 48.5563 |
| August | 51.2734 | 47.6982 | 49.1796 |
| September | 49.8258 | 48.9654 | 49.3846 |
| October | 49.3753 | 47.6340 | 48.4211 |
| November | 47.5948 | 44.5342 | 45.5899 |
| December | 45.5506 | 43.5112 | 44.7251 |