2023 TRY to SGD Historical Review

YEARLY HIGH

0.0718 SGD

YEARLY LOW

0.0447 SGD

YEARLY AVERAGE

0.0582 SGD

2023 TRY to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.0718. Conversely, the yearly low was recorded on December 28, dropping to 0.0447.

This high-to-low spread represents a total annual volatility of 0.0272 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0705 to the December average rate of 0.0458, the exchange rate registered a net change of -35.13% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0718 was down 30.67% compared to the 2022 peak of 0.1036, 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 3,591 SGD

2022 Average 4,213 SGD

Yearly Trough Low 2,233 SGD

Transaction Impact: A difference of 1,357.61 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0732

0.0433

JanuMarcMayJulySeptNove

TRY to SGD 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 0.0676, compared to 0.0488 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0187 points.

H1 Avg (Jan–Jun) 0.0676

H2 Avg (Jul–Dec) 0.0488

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0126 SGD (High: 0.0645 / Low: 0.0519). On the other end, April was the most stable month, with a tight range of 0.0011 SGD (High: 0.0695 / Low: 0.0684).

June Spread (Volatile) ±0.0126

April Spread (Stable) ±0.0011

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 0.0108 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0108

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0705) against the same month in 2022 (average: 0.0998), the exchange rate shifted by -0.0293 (-29.35%).

2023 Avg (January) 0.0705

2022 Avg (January) 0.0998

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0718	0.0697	0.0705
February	0.0715	0.0694	0.0707
March	0.0716	0.0692	0.0706
April	0.0695	0.0684	0.0689
May	0.0687	0.0651	0.0678
June	0.0645	0.0519	0.0570
July	0.0525	0.0491	0.0504
August	0.0524	0.0493	0.0502
September	0.0509	0.0497	0.0505
October	0.0500	0.0483	0.0491
November	0.0482	0.0460	0.0470
December	0.0464	0.0447	0.0458