2023 TRY to SYP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 TRY to SYP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the TRY to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 134.4225. Conversely, the yearly low was recorded on December 28, dropping to 85.0057.
This high-to-low spread represents a total annual volatility of 49.4168 SYP. From a start-to-finish perspective, comparing the January average rate of 133.7811 to the December average rate of 86.3439, the exchange rate registered a net change of -35.46% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 134.4225 was down 30.12% compared to the 2022 peak of 192.3519, 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 SYP 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 127.1236, compared to 90.9016 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 36.2220 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 23.9041 SYP (High: 120.2121 / Low: 96.3081). On the other end, February was the most stable month, with a tight range of 0.4917 SYP (High: 133.5160 / Low: 133.0243).
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 20.6711 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 133.7811) against the same month in 2022 (average: 185.6901), the exchange rate shifted by -51.9090 (-27.95%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 134.4225 | 133.5529 | 133.7811 |
| February | 133.5160 | 133.0243 | 133.2960 |
| March | 133.4727 | 130.9926 | 132.2362 |
| April | 131.0097 | 129.1579 | 129.8946 |
| May | 129.1007 | 121.0374 | 127.1024 |
| June | 120.2121 | 96.3081 | 106.4313 |
| July | 97.5891 | 93.1238 | 94.9284 |
| August | 96.9718 | 92.3333 | 93.3547 |
| September | 94.1005 | 91.4865 | 93.0246 |
| October | 91.4755 | 88.7591 | 90.0973 |
| November | 88.6939 | 86.7952 | 87.6608 |
| December | 86.9394 | 85.0057 | 86.3439 |