2023 WST to TRY Historical Review

YEARLY HIGH

10.5561 TRY

YEARLY LOW

6.9290 TRY

YEARLY AVERAGE

8.6976 TRY

2023 WST to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the WST to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 10.5561. Conversely, the yearly low was recorded on January 1, dropping to 6.9290.

This high-to-low spread represents a total annual volatility of 3.6271 TRY. From a start-to-finish perspective, comparing the January average rate of 6.9622 to the December average rate of 10.3930, the exchange rate registered a net change of 49.28% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 10.5561 was up 52.16% compared to the 2022 peak of 6.9374, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 52,781 TRY

2022 Average 30,922 TRY

Yearly Trough Low 34,645 TRY

Transaction Impact: A difference of 18,135.75 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

10.7361

6.6191

JanuMarcMayJulySeptNove

WST 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 7.3407, compared to 10.0545 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.7138 points.

H1 Avg (Jan–Jun) 7.3407

H2 Avg (Jul–Dec) 10.0545

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 1.9034 TRY (High: 9.5720 / Low: 7.6686). On the other end, February was the most stable month, with a tight range of 0.0258 TRY (High: 7.0018 / Low: 6.9760).

June Spread (Volatile) ±1.9034

February Spread (Stable) ±0.0258

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 10.3930) against the same month in 2022 (average: 6.9070), the exchange rate shifted by +3.4860 (+50.47%).

2023 Avg (December) 10.3930

2022 Avg (December) 6.9070

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6.9741	6.9290	6.9622
February	7.0018	6.9760	6.9876
March	7.1104	6.9783	7.0414
April	7.1374	7.0366	7.0971
May	7.6163	7.1406	7.2546
June	9.5720	7.6686	8.7013
July	9.9119	9.4463	9.7169
August	10.0098	9.5310	9.9016
September	10.1024	9.8218	9.9360
October	10.3170	9.9943	10.1424
November	10.3385	10.1172	10.2368
December	10.5561	10.3214	10.3930