2023 TRY to SZL Historical Review

YEARLY HIGH

0.9830 SZL

YEARLY LOW

0.6262 SZL

YEARLY AVERAGE

0.7978 SZL

2023 TRY to SZL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to SZL exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 0.9830. Conversely, the yearly low was recorded on December 29, dropping to 0.6262.

This high-to-low spread represents a total annual volatility of 0.3568 SZL. From a start-to-finish perspective, comparing the January average rate of 0.9107 to the December average rate of 0.6404, the exchange rate registered a net change of -29.68% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.9830 was down 18.94% compared to the 2022 peak of 1.2127, 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 49,148 SZL

2022 Average 49,739 SZL

Yearly Trough Low 31,311 SZL

Transaction Impact: A difference of 17,837.78 SZL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.9952

0.6081

JanuMarcMayJulySeptNove

TRY to SZL 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 0.9192, compared to 0.6764 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2428 points.

H1 Avg (Jan–Jun) 0.9192

H2 Avg (Jul–Dec) 0.6764

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.2336 SZL (High: 0.9460 / Low: 0.7123). On the other end, September was the most stable month, with a tight range of 0.0286 SZL (High: 0.7161 / Low: 0.6875).

June Spread (Volatile) ±0.2336

September Spread (Stable) ±0.0286

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 0.1693 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1693

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.9606) against the same month in 2022 (average: 1.0273), the exchange rate shifted by -0.0667 (-6.49%).

2023 Avg (March) 0.9606

2022 Avg (March) 1.0273

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9268	0.8946	0.9107
February	0.9772	0.9082	0.9498
March	0.9830	0.9284	0.9606
April	0.9550	0.9248	0.9372
May	0.9808	0.9378	0.9630
June	0.9460	0.7123	0.7937
July	0.7338	0.6514	0.6887
August	0.7201	0.6677	0.6978
September	0.7161	0.6875	0.7018
October	0.7043	0.6633	0.6838
November	0.6624	0.6331	0.6458
December	0.6593	0.6262	0.6404