2023 TRY to NZD Historical Review

YEARLY HIGH

0.0865 NZD

YEARLY LOW

0.0534 NZD

YEARLY AVERAGE

0.0705 NZD

2023 TRY to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 7, valuing the pair at 0.0865. Conversely, the yearly low was recorded on December 28, dropping to 0.0534.

This high-to-low spread represents a total annual volatility of 0.0331 NZD. From a start-to-finish perspective, comparing the January average rate of 0.0831 to the December average rate of 0.0552, the exchange rate registered a net change of -33.62% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0865 was down 24.33% compared to the 2022 peak of 0.1143, 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 4,324 NZD

2022 Average 4,801 NZD

Yearly Trough Low 2,671 NZD

Transaction Impact: A difference of 1,653.71 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0878

0.0522

JanuMarcMayJulySeptNove

TRY to NZD 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 0.0810, compared to 0.0599 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0211 points.

H1 Avg (Jan–Jun) 0.0810

H2 Avg (Jul–Dec) 0.0599

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0167 NZD (High: 0.0789 / Low: 0.0622). On the other end, October was the most stable month, with a tight range of 0.0017 NZD (High: 0.0614 / Low: 0.0597).

June Spread (Volatile) ±0.0167

October Spread (Stable) ±0.0017

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 0.0124 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0124

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.0848) against the same month in 2022 (average: 0.0996), the exchange rate shifted by -0.0148 (-14.84%).

2023 Avg (March) 0.0848

2022 Avg (March) 0.0996

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0856	0.0819	0.0831
February	0.0861	0.0816	0.0845
March	0.0865	0.0832	0.0848
April	0.0841	0.0820	0.0833
May	0.0834	0.0800	0.0815
June	0.0789	0.0622	0.0691
July	0.0634	0.0589	0.0607
August	0.0652	0.0604	0.0621
September	0.0635	0.0608	0.0625
October	0.0614	0.0597	0.0608
November	0.0600	0.0561	0.0582
December	0.0564	0.0534	0.0552