2023 TRY to MMK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 TRY to MMK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the TRY to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 112.5411. Conversely, the yearly low was recorded on December 29, dropping to 71.2496.
This high-to-low spread represents a total annual volatility of 41.2914 MMK. From a start-to-finish perspective, comparing the January average rate of 111.8175 to the December average rate of 72.2419, the exchange rate registered a net change of -35.39% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 112.5411 was down 17.35% compared to the 2022 peak of 136.1728, 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 MMK 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 106.1980, compared to 75.9466 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 30.2514 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 19.9596 MMK (High: 100.4326 / Low: 80.4730). On the other end, January was the most stable month, with a tight range of 1.0546 MMK (High: 112.3605 / Low: 111.3059).
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 17.2410 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 111.4240) against the same month in 2022 (average: 130.3059), the exchange rate shifted by -18.8820 (-14.49%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 112.3605 | 111.3059 | 111.8175 |
| February | 112.5411 | 110.7043 | 111.4240 |
| March | 111.5878 | 108.8588 | 110.3627 |
| April | 109.4191 | 106.5288 | 108.4568 |
| May | 107.7779 | 101.1219 | 106.1841 |
| June | 100.4326 | 80.4730 | 88.9432 |
| July | 81.0420 | 77.6662 | 79.2471 |
| August | 81.0467 | 77.1204 | 78.0254 |
| September | 78.6561 | 76.4802 | 77.7345 |
| October | 76.5577 | 74.0806 | 75.2504 |
| November | 74.0931 | 72.4887 | 73.1804 |
| December | 72.9787 | 71.2496 | 72.2419 |