2023 TRY to XCD Historical Review

YEARLY HIGH

0.1446 XCD

YEARLY LOW

0.0914 XCD

YEARLY AVERAGE

0.1173 XCD

2023 TRY to XCD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to XCD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.1446. Conversely, the yearly low was recorded on December 28, dropping to 0.0914.

This high-to-low spread represents a total annual volatility of 0.0532 XCD. From a start-to-finish perspective, comparing the January average rate of 0.1439 to the December average rate of 0.0929, 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 0.1446 was down 30.12% compared to the 2022 peak of 0.2069, 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 7,229 XCD

2022 Average 8,270 XCD

Yearly Trough Low 4,572 XCD

Transaction Impact: A difference of 2,657.70 XCD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1490

0.0878

JanuMarcMayJulySeptNove

TRY to XCD 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 0.1367, compared to 0.0978 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0390 points.

H1 Avg (Jan–Jun) 0.1367

H2 Avg (Jul–Dec) 0.0978

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0257 XCD (High: 0.1293 / Low: 0.1036). On the other end, February was the most stable month, with a tight range of 0.0005 XCD (High: 0.1436 / Low: 0.1431).

June Spread (Volatile) ±0.0257

February Spread (Stable) ±0.0005

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 0.0222 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0222

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1439) against the same month in 2022 (average: 0.1998), the exchange rate shifted by -0.0559 (-27.97%).

2023 Avg (January) 0.1439

2022 Avg (January) 0.1998

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1446	0.1437	0.1439
February	0.1436	0.1431	0.1434
March	0.1436	0.1409	0.1422
April	0.1409	0.1389	0.1397
May	0.1389	0.1302	0.1367
June	0.1293	0.1036	0.1145
July	0.1050	0.1002	0.1021
August	0.1043	0.0993	0.1004
September	0.1012	0.0984	0.1001
October	0.0984	0.0955	0.0969
November	0.0954	0.0934	0.0943
December	0.0935	0.0914	0.0929