2023 TRY to MYR Historical Review

YEARLY HIGH

0.2388 MYR

YEARLY LOW

0.1559 MYR

YEARLY AVERAGE

0.1969 MYR

2023 TRY to MYR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to MYR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 0.2388. Conversely, the yearly low was recorded on December 28, dropping to 0.1559.

This high-to-low spread represents a total annual volatility of 0.0829 MYR. From a start-to-finish perspective, comparing the January average rate of 0.2305 to the December average rate of 0.1601, the exchange rate registered a net change of -30.55% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2388 was down 25.24% compared to the 2022 peak of 0.3194, 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 11,940 MYR

2022 Average 13,410 MYR

Yearly Trough Low 7,794 MYR

Transaction Impact: A difference of 4,145.62 MYR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2428

0.1525

JanuMarcMayJulySeptNove

TRY to MYR 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 0.2251, compared to 0.1687 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0564 points.

H1 Avg (Jan–Jun) 0.2251

H2 Avg (Jul–Dec) 0.1687

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0416 MYR (High: 0.2207 / Low: 0.1791). On the other end, April was the most stable month, with a tight range of 0.0030 MYR (High: 0.2301 / Low: 0.2271).

June Spread (Volatile) ±0.0416

April Spread (Stable) ±0.0030

Growth Streaks & Declines

Trends

Between 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 0.0325 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0325

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.2353) against the same month in 2022 (average: 0.2873), the exchange rate shifted by -0.0520 (-18.12%).

2023 Avg (March) 0.2353

2022 Avg (March) 0.2873

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2357	0.2256	0.2305
February	0.2376	0.2256	0.2316
March	0.2388	0.2301	0.2353
April	0.2301	0.2271	0.2287
May	0.2329	0.2223	0.2285
June	0.2207	0.1791	0.1960
July	0.1813	0.1677	0.1736
August	0.1795	0.1670	0.1713
September	0.1744	0.1713	0.1733
October	0.1717	0.1683	0.1702
November	0.1684	0.1612	0.1637
December	0.1621	0.1559	0.1601