2023 TRY to NIO Historical Review

YEARLY HIGH

1.9526 NIO

YEARLY LOW

1.2410 NIO

YEARLY AVERAGE

1.5856 NIO

2023 TRY to NIO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to NIO exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 1.9526. Conversely, the yearly low was recorded on December 28, dropping to 1.2410.

This high-to-low spread represents a total annual volatility of 0.7116 NIO. From a start-to-finish perspective, comparing the January average rate of 1.9424 to the December average rate of 1.2601, the exchange rate registered a net change of -35.12% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.9526 was down 27.95% compared to the 2022 peak of 2.7099, 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 97,629 NIO

2022 Average 109,693 NIO

Yearly Trough Low 62,049 NIO

Transaction Impact: A difference of 35,579.49 NIO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.0106

1.1919

JanuMarcMayJulySeptNove

TRY to NIO 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 1.8474, compared to 1.3238 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5236 points.

H1 Avg (Jan–Jun) 1.8474

H2 Avg (Jul–Dec) 1.3238

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.3485 NIO (High: 1.7494 / Low: 1.4009). On the other end, January was the most stable month, with a tight range of 0.0159 NIO (High: 1.9511 / Low: 1.9351).

June Spread (Volatile) ±0.3485

January Spread (Stable) ±0.0159

Growth Streaks & Declines

Trends

No 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 0.3001 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.3001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 1.9360) against the same month in 2022 (average: 2.5997), the exchange rate shifted by -0.6637 (-25.53%).

2023 Avg (February) 1.9360

2022 Avg (February) 2.5997

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9511	1.9351	1.9424
February	1.9526	1.9261	1.9360
March	1.9346	1.8961	1.9209
April	1.9071	1.8598	1.8879
May	1.8767	1.7613	1.8486
June	1.7494	1.4009	1.5485
July	1.4116	1.3535	1.3803
August	1.4114	1.3436	1.3594
September	1.3706	1.3322	1.3543
October	1.3333	1.2913	1.3118
November	1.2931	1.2640	1.2768
December	1.2722	1.2410	1.2601