2023 TRY to XAF Historical Review

YEARLY HIGH

33.2152 XAF

YEARLY LOW

20.0514 XAF

YEARLY AVERAGE

26.3061 XAF

2023 TRY to XAF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to XAF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 33.2152. Conversely, the yearly low was recorded on December 28, dropping to 20.0514.

This high-to-low spread represents a total annual volatility of 13.1639 XAF. From a start-to-finish perspective, comparing the January average rate of 32.3792 to the December average rate of 20.6397, the exchange rate registered a net change of -36.26% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 33.2152 was down 25.25% compared to the 2022 peak of 44.4335, 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 1,660,762 XAF

2022 Average 1,899,547 XAF

Yearly Trough Low 1,002,568 XAF

Transaction Impact: A difference of 658,194.10 XAF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

33.7063

19.4518

JanuMarcMayJulySeptNove

TRY to XAF 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 30.6864, compared to 21.9259 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 8.7605 points.

H1 Avg (Jan–Jun) 30.6864

H2 Avg (Jul–Dec) 21.9259

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 6.1863 XAF (High: 29.2101 / Low: 23.0238). On the other end, September was the most stable month, with a tight range of 0.2743 XAF (High: 22.8877 / Low: 22.6135).

June Spread (Volatile) ±6.1863

September Spread (Stable) ±0.2743

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 4.8622 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -4.8622

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 32.3792) against the same month in 2022 (average: 42.8288), the exchange rate shifted by -10.4496 (-24.40%).

2023 Avg (January) 32.3792

2022 Avg (January) 42.8288

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	33.2152	31.9376	32.3792
February	32.9080	31.6507	32.5184
March	32.8610	31.3622	32.2230
April	31.6207	30.3078	30.8624
May	30.7838	29.5473	30.4987
June	29.2101	23.0238	25.6364
July	23.3518	21.6749	22.4149
August	23.4436	22.0204	22.3412
September	22.8877	22.6135	22.7429
October	22.7882	21.8628	22.2632
November	21.8733	20.6093	21.1535
December	21.0673	20.0514	20.6397