2023 UAH to TRY Historical Review

YEARLY HIGH

0.8026 TRY

YEARLY LOW

0.5052 TRY

YEARLY AVERAGE

0.6468 TRY

2023 UAH to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the UAH to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on November 26, valuing the pair at 0.8026. Conversely, the yearly low was recorded on February 5, dropping to 0.5052.

This high-to-low spread represents a total annual volatility of 0.2974 TRY. From a start-to-finish perspective, comparing the January average rate of 0.5109 to the December average rate of 0.7824, the exchange rate registered a net change of 53.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8026 was up 33.62% compared to the 2022 peak of 0.6007, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,013 TRY

2022 Average 2,544 TRY

Yearly Trough Low 2,526 TRY

Transaction Impact: A difference of 1,486.93 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8217

0.4827

JanuMarcMayJulySeptNove

UAH 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 0.5404, compared to 0.7532 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2128 points.

H1 Avg (Jan–Jun) 0.5404

H2 Avg (Jul–Dec) 0.7532

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.1411 TRY (High: 0.7065 / Low: 0.5654). On the other end, January was the most stable month, with a tight range of 0.0056 TRY (High: 0.5135 / Low: 0.5078).

June Spread (Volatile) ±0.1411

January Spread (Stable) ±0.0056

Growth Streaks & Declines

Trends

Between January and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0110 points.

Longest Streak 10 Mo.

Sharpest MoM Drop -0.0110

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.7935) against the same month in 2022 (average: 0.5047), the exchange rate shifted by +0.2887 (+57.21%).

2023 Avg (November) 0.7935

2022 Avg (November) 0.5047

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5135	0.5078	0.5109
February	0.5162	0.5052	0.5121
March	0.5230	0.5096	0.5157
April	0.5339	0.5212	0.5254
May	0.5624	0.5275	0.5359
June	0.7065	0.5654	0.6422
July	0.7345	0.7016	0.7186
August	0.7382	0.7015	0.7291
September	0.7434	0.7229	0.7316
October	0.7811	0.7427	0.7641
November	0.8026	0.7799	0.7935
December	0.7923	0.7725	0.7824