2023 AFN to TOP Historical Review

YEARLY HIGH

0.0347 TOP

YEARLY LOW

0.0255 TOP

YEARLY AVERAGE

0.0288 TOP

2023 AFN to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AFN to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 18, valuing the pair at 0.0347. Conversely, the yearly low was recorded on February 4, dropping to 0.0255.

This high-to-low spread represents a total annual volatility of 0.0091 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0262 to the December average rate of 0.0336, the exchange rate registered a net change of 28.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0347 was up 20.69% compared to the 2022 peak of 0.0287, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 173 TOP

2022 Average 130 TOP

Yearly Trough Low 128 TOP

Transaction Impact: A difference of 45.59 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0343

0.0253

JanuMarcMayJulySeptNove

AFN to TOP 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 0.0268, compared to 0.0308 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0040 points.

H1 Avg (Jan–Jun) 0.0268

H2 Avg (Jul–Dec) 0.0308

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0034 TOP (High: 0.0327 / Low: 0.0293). On the other end, June was the most stable month, with a tight range of 0.0009 TOP (High: 0.0277 / Low: 0.0268).

September Spread (Volatile) ±0.0034

June Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0002 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.0334) against the same month in 2022 (average: 0.0271), the exchange rate shifted by +0.0062 (+22.98%).

2023 Avg (November) 0.0334

2022 Avg (November) 0.0271

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0268	0.0258	0.0262
February	0.0269	0.0255	0.0261
March	0.0275	0.0263	0.0269
April	0.0276	0.0258	0.0272
May	0.0274	0.0263	0.0270
June	0.0277	0.0268	0.0272
July	0.0276	0.0267	0.0271
August	0.0294	0.0271	0.0282
September	0.0327	0.0293	0.0307
October	0.0328	0.0305	0.0317
November	0.0347	0.0321	0.0334
December	0.0341	0.0329	0.0336