2023 TRY to PEN Historical Review

YEARLY HIGH

0.2074 PEN

YEARLY LOW

0.1253 PEN

YEARLY AVERAGE

0.1625 PEN

2023 TRY to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 26, valuing the pair at 0.2074. Conversely, the yearly low was recorded on December 29, dropping to 0.1253.

This high-to-low spread represents a total annual volatility of 0.0821 PEN. From a start-to-finish perspective, comparing the January average rate of 0.2036 to the December average rate of 0.1284, the exchange rate registered a net change of -36.92% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2074 was down 31.67% compared to the 2022 peak of 0.3036, 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 10,370 PEN

2022 Average 11,718 PEN

Yearly Trough Low 6,264 PEN

Transaction Impact: A difference of 4,105.80 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2111

0.1209

JanuMarcMayJulySeptNove

TRY to PEN 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 0.1902, compared to 0.1348 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0554 points.

H1 Avg (Jan–Jun) 0.1902

H2 Avg (Jul–Dec) 0.1348

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0373 PEN (High: 0.1765 / Low: 0.1391). On the other end, September was the most stable month, with a tight range of 0.0016 PEN (High: 0.1387 / Low: 0.1371).

June Spread (Volatile) ±0.0373

September Spread (Stable) ±0.0016

Growth Streaks & Declines

Trends

Between July and September, 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 0.0319 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0319

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.2036) against the same month in 2022 (average: 0.2878), the exchange rate shifted by -0.0842 (-29.26%).

2023 Avg (January) 0.2036

2022 Avg (January) 0.2878

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2074	0.2003	0.2036
February	0.2068	0.2013	0.2036
March	0.2010	0.1958	0.1988
April	0.1964	0.1892	0.1942
May	0.1907	0.1769	0.1864
June	0.1765	0.1391	0.1545
July	0.1402	0.1322	0.1360
August	0.1428	0.1337	0.1372
September	0.1387	0.1371	0.1379
October	0.1387	0.1351	0.1377
November	0.1351	0.1289	0.1316
December	0.1307	0.1253	0.1284