2023 TWD to TRY Historical Review

YEARLY HIGH

0.9624 TRY

YEARLY LOW

0.6100 TRY

YEARLY AVERAGE

0.7619 TRY

2023 TWD to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TWD to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.9624. Conversely, the yearly low was recorded on January 1, dropping to 0.6100.

This high-to-low spread represents a total annual volatility of 0.3524 TRY. From a start-to-finish perspective, comparing the January average rate of 0.6180 to the December average rate of 0.9324, the exchange rate registered a net change of 50.88% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.9624 was up 57.54% compared to the 2022 peak of 0.6109, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 TWD based on timing:

Yearly Peak High 4,812 TRY

2022 Average 2,775 TRY

Yearly Trough Low 3,050 TRY

Transaction Impact: A difference of 1,762.07 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.9639

0.5866

JanuMarcMayJulySeptNove

TWD to TRY 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 0.6515, compared to 0.8722 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2207 points.

H1 Avg (Jan–Jun) 0.6515

H2 Avg (Jul–Dec) 0.8722

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.1580 TRY (High: 0.8410 / Low: 0.6831). On the other end, April was the most stable month, with a tight range of 0.0089 TRY (High: 0.6369 / Low: 0.6280).

June Spread (Volatile) ±0.1580

April Spread (Stable) ±0.0089

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0029 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0029

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.9324) against the same month in 2022 (average: 0.6077), the exchange rate shifted by +0.3247 (+53.43%).

2023 Avg (December) 0.9324

2022 Avg (December) 0.6077

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6261	0.6100	0.6180
February	0.6333	0.6152	0.6227
March	0.6300	0.6146	0.6219
April	0.6369	0.6280	0.6330
May	0.6770	0.6327	0.6440
June	0.8410	0.6831	0.7694
July	0.8692	0.8262	0.8489
August	0.8593	0.8140	0.8460
September	0.8562	0.8355	0.8435
October	0.8762	0.8498	0.8639
November	0.9243	0.8745	0.8989
December	0.9624	0.9172	0.9324