2023 TRY to TWD Historical Review

YEARLY HIGH

1.6395 TWD

YEARLY LOW

1.0391 TWD

YEARLY AVERAGE

1.3466 TWD

2023 TRY to TWD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to TWD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 1.6395. Conversely, the yearly low was recorded on December 28, dropping to 1.0391.

This high-to-low spread represents a total annual volatility of 0.6004 TWD. From a start-to-finish perspective, comparing the January average rate of 1.6182 to the December average rate of 1.0727, the exchange rate registered a net change of -33.71% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.6395 was down 22.52% compared to the 2022 peak of 2.1160, 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 81,973 TWD

2022 Average 90,684 TWD

Yearly Trough Low 51,955 TWD

Transaction Impact: A difference of 30,018.28 TWD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.6728

1.0182

JanuMarcMayJulySeptNove

TRY to TWD 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 1.5450, compared to 1.1482 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3968 points.

H1 Avg (Jan–Jun) 1.5450

H2 Avg (Jul–Dec) 1.1482

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.2750 TWD (High: 1.4640 / Low: 1.1890). On the other end, April was the most stable month, with a tight range of 0.0224 TWD (High: 1.5924 / Low: 1.5701).

June Spread (Volatile) ±0.2750

April Spread (Stable) ±0.0224

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 0.2483 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2483

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.6182) against the same month in 2022 (average: 2.0440), the exchange rate shifted by -0.4258 (-20.83%).

2023 Avg (January) 1.6182

2022 Avg (January) 2.0440

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6395	1.5971	1.6182
February	1.6255	1.5790	1.6061
March	1.6270	1.5874	1.6080
April	1.5924	1.5701	1.5799
May	1.5806	1.4770	1.5532
June	1.4640	1.1890	1.3049
July	1.2103	1.1504	1.1783
August	1.2285	1.1637	1.1822
September	1.1969	1.1679	1.1856
October	1.1768	1.1413	1.1576
November	1.1435	1.0819	1.1128
December	1.0903	1.0391	1.0727