2023 TRY to ZAR Historical Review

YEARLY HIGH

0.9902 ZAR

YEARLY LOW

0.6209 ZAR

YEARLY AVERAGE

0.7982 ZAR

2023 TRY to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 0.9902. Conversely, the yearly low was recorded on December 30, dropping to 0.6209.

This high-to-low spread represents a total annual volatility of 0.3693 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.9093 to the December average rate of 0.6391, the exchange rate registered a net change of -29.71% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.9902 was down 18.55% compared to the 2022 peak of 1.2156, 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 49,508 ZAR

2022 Average 49,767 ZAR

Yearly Trough Low 31,043 ZAR

Transaction Impact: A difference of 18,465.49 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.9987

0.6064

JanuMarcMayJulySeptNove

TRY to ZAR 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 0.9202, compared to 0.6762 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2441 points.

H1 Avg (Jan–Jun) 0.9202

H2 Avg (Jul–Dec) 0.6762

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.2260 ZAR (High: 0.9390 / Low: 0.7130). On the other end, November was the most stable month, with a tight range of 0.0225 ZAR (High: 0.6566 / Low: 0.6341).

June Spread (Volatile) ±0.2260

November Spread (Stable) ±0.0225

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 0.1715 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1715

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.9660) against the same month in 2022 (average: 1.0195), the exchange rate shifted by -0.0535 (-5.25%).

2023 Avg (May) 0.9660

2022 Avg (May) 1.0195

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9251	0.8914	0.9093
February	0.9761	0.9058	0.9510
March	0.9875	0.9272	0.9616
April	0.9604	0.9268	0.9391
May	0.9902	0.9386	0.9660
June	0.9390	0.7130	0.7945
July	0.7336	0.6519	0.6885
August	0.7265	0.6775	0.6979
September	0.7161	0.6893	0.7022
October	0.7073	0.6588	0.6825
November	0.6566	0.6341	0.6467
December	0.6588	0.6209	0.6391