2023 TRY to MXN Historical Review

YEARLY HIGH

1.0431 MXN

YEARLY LOW

0.5740 MXN

YEARLY AVERAGE

0.7736 MXN

2023 TRY to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 1.0431. Conversely, the yearly low was recorded on December 28, dropping to 0.5740.

This high-to-low spread represents a total annual volatility of 0.4691 MXN. From a start-to-finish perspective, comparing the January average rate of 1.0098 to the December average rate of 0.5900, the exchange rate registered a net change of -41.58% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0431 was down 33.54% compared to the 2022 peak of 1.5695, 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 52,156 MXN

2022 Average 61,620 MXN

Yearly Trough Low 28,701 MXN

Transaction Impact: A difference of 23,454.87 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0518

0.5480

JanuMarcMayJulySeptNove

TRY to MXN 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 0.9212, compared to 0.6259 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2952 points.

H1 Avg (Jan–Jun) 0.9212

H2 Avg (Jul–Dec) 0.6259

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.1837 MXN (High: 0.8398 / Low: 0.6562). On the other end, September was the most stable month, with a tight range of 0.0241 MXN (High: 0.6556 / Low: 0.6316).

June Spread (Volatile) ±0.1837

September Spread (Stable) ±0.0241

Growth Streaks & Declines

Trends

Between August and October, 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 0.1659 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1659

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.0098) against the same month in 2022 (average: 1.5154), the exchange rate shifted by -0.5056 (-33.37%).

2023 Avg (January) 1.0098

2022 Avg (January) 1.5154

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0431	0.9934	1.0098
February	1.0178	0.9692	0.9866
March	1.0007	0.9395	0.9687
April	0.9510	0.9255	0.9341
May	0.9229	0.8521	0.8968
June	0.8398	0.6562	0.7309
July	0.6651	0.6195	0.6393
August	0.6497	0.6174	0.6311
September	0.6556	0.6316	0.6404
October	0.6627	0.6334	0.6486
November	0.6271	0.5924	0.6063
December	0.6043	0.5740	0.5900