2023 XCD to TRY Historical Review

YEARLY HIGH

10.9368 TRY

YEARLY LOW

6.9162 TRY

YEARLY AVERAGE

8.8040 TRY

2023 XCD to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the XCD to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 10.9368. Conversely, the yearly low was recorded on January 1, dropping to 6.9162.

This high-to-low spread represents a total annual volatility of 4.0206 TRY. From a start-to-finish perspective, comparing the January average rate of 6.9493 to the December average rate of 10.7678, the exchange rate registered a net change of 54.95% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 10.9368 was up 57.94% compared to the 2022 peak of 6.9245, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 54,684 TRY

2022 Average 30,668 TRY

Yearly Trough Low 34,581 TRY

Transaction Impact: A difference of 20,103.04 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

11.1496

6.5675

JanuMarcMayJulySeptNove

XCD 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 7.3673, compared to 10.2407 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.8734 points.

H1 Avg (Jan–Jun) 7.3673

H2 Avg (Jul–Dec) 10.2407

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 1.9195 TRY (High: 9.6533 / Low: 7.7337). On the other end, February was the most stable month, with a tight range of 0.0257 TRY (High: 6.9889 / Low: 6.9631).

June Spread (Volatile) ±1.9195

February Spread (Stable) ±0.0257

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: 10.7678) against the same month in 2022 (average: 6.9019), the exchange rate shifted by +3.8659 (+56.01%).

2023 Avg (December) 10.7678

2022 Avg (December) 6.9019

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6.9612	6.9162	6.9493
February	6.9889	6.9631	6.9746
March	7.0973	6.9654	7.0307
April	7.1981	7.0963	7.1574
May	7.6810	7.2013	7.3162
June	9.6533	7.7337	8.7753
July	9.9834	9.5266	9.7962
August	10.0688	9.5872	9.9600
September	10.1620	9.8797	9.9947
October	10.4743	10.1633	10.3195
November	10.7113	10.4820	10.6060
December	10.9368	10.6935	10.7678