2023 ARS to TOP Historical Review

YEARLY HIGH

0.0132 TOP

YEARLY LOW

0.0029 TOP

YEARLY AVERAGE

0.0090 TOP

2023 ARS to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ARS to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0132. Conversely, the yearly low was recorded on December 31, dropping to 0.0029.

This high-to-low spread represents a total annual volatility of 0.0104 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0128 to the December average rate of 0.0043, the exchange rate registered a net change of -66.36% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0132 was down 40.40% compared to the 2022 peak of 0.0222, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 66 TOP

2022 Average 91 TOP

Yearly Trough Low 14 TOP

Transaction Impact: A difference of 51.87 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0137

0.0035

JanuMarcMayJulySeptNove

ARS 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 0.0112, compared to 0.0068 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0044 points.

H1 Avg (Jan–Jun) 0.0112

H2 Avg (Jul–Dec) 0.0068

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0037 TOP (High: 0.0065 / Low: 0.0029). On the other end, September was the most stable month, with a tight range of 0.0000 TOP (High: 0.0069 / Low: 0.0068).

December Spread (Volatile) ±0.0037

September Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0024 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0024

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0128) against the same month in 2022 (average: 0.0219), the exchange rate shifted by -0.0091 (-41.56%).

2023 Avg (January) 0.0128

2022 Avg (January) 0.0219

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0132	0.0124	0.0128
February	0.0124	0.0120	0.0122
March	0.0119	0.0113	0.0116
April	0.0113	0.0107	0.0109
May	0.0106	0.0099	0.0102
June	0.0099	0.0092	0.0095
July	0.0093	0.0086	0.0088
August	0.0086	0.0068	0.0075
September	0.0069	0.0068	0.0068
October	0.0069	0.0068	0.0068
November	0.0069	0.0065	0.0067
December	0.0065	0.0029	0.0043