2023 TRY to PYG Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 TRY to PYG Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the TRY to PYG exchange rate experienced significant fluctuation. The market reached its absolute peak on January 23, valuing the pair at 396.6172. Conversely, the yearly low was recorded on December 28, dropping to 247.0913.
This high-to-low spread represents a total annual volatility of 149.5259 PYG. From a start-to-finish perspective, comparing the January average rate of 392.7541 to the December average rate of 252.8824, the exchange rate registered a net change of -35.61% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 396.6172 was down 25.59% compared to the 2022 peak of 533.0390, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 TRY based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
TRY to PYG Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 366.6548, compared to 265.1011 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 101.5536 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 69.6009 PYG (High: 347.8599 / Low: 278.2589). On the other end, October was the most stable month, with a tight range of 3.3963 PYG (High: 266.0712 / Low: 262.6750).
Growth Streaks & Declines
TrendsNo 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 57.1898 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 392.7541) against the same month in 2022 (average: 514.8167), the exchange rate shifted by -122.0626 (-23.71%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 396.6172 | 389.3255 | 392.7541 |
| February | 391.8497 | 384.4258 | 387.3687 |
| March | 386.7473 | 372.6168 | 378.3191 |
| April | 374.2638 | 366.8529 | 370.0965 |
| May | 371.5767 | 347.4562 | 364.2901 |
| June | 347.8599 | 278.2589 | 307.1003 |
| July | 280.4049 | 269.3695 | 274.3912 |
| August | 280.8886 | 266.7899 | 270.2059 |
| September | 272.5934 | 265.4791 | 269.3560 |
| October | 266.0712 | 262.6750 | 264.3043 |
| November | 263.3211 | 256.6440 | 259.4669 |
| December | 257.5173 | 247.0913 | 252.8824 |