2023 ZAR to TRY Historical Review

YEARLY HIGH

1.6107 TRY

YEARLY LOW

1.0099 TRY

YEARLY AVERAGE

1.2875 TRY

2023 ZAR to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 1.6107. Conversely, the yearly low was recorded on May 25, dropping to 1.0099.

This high-to-low spread represents a total annual volatility of 0.6007 TRY. From a start-to-finish perspective, comparing the January average rate of 1.0999 to the December average rate of 1.5652, the exchange rate registered a net change of 42.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.6107 was up 43.27% compared to the 2022 peak of 1.1242, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 80,533 TRY

2022 Average 50,493 TRY

Yearly Trough Low 50,496 TRY

Transaction Impact: A difference of 30,037.07 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.6181

0.9826

JanuMarcMayJulySeptNove

ZAR 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 1.0933, compared to 1.4816 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3883 points.

H1 Avg (Jan–Jun) 1.0933

H2 Avg (Jul–Dec) 1.4816

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.3376 TRY (High: 1.4025 / Low: 1.0650). On the other end, April was the most stable month, with a tight range of 0.0378 TRY (High: 1.0790 / Low: 1.0412).

June Spread (Volatile) ±0.3376

April Spread (Stable) ±0.0378

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0479 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0479

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 1.5652) against the same month in 2022 (average: 1.0790), the exchange rate shifted by +0.4862 (+45.06%).

2023 Avg (December) 1.5652

2022 Avg (December) 1.0790

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1218	1.0809	1.0999
February	1.1040	1.0245	1.0520
March	1.0786	1.0126	1.0401
April	1.0790	1.0412	1.0649
May	1.0655	1.0099	1.0355
June	1.4025	1.0650	1.2674
July	1.5340	1.3631	1.4550
August	1.4760	1.3764	1.4332
September	1.4507	1.3965	1.4242
October	1.5178	1.4138	1.4656
November	1.5770	1.5230	1.5464
December	1.6107	1.5180	1.5652