2023 AZN to TOP Historical Review

YEARLY HIGH

1.4180 TOP

YEARLY LOW

1.3591 TOP

YEARLY AVERAGE

1.3893 TOP

2023 AZN to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AZN to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on October 29, valuing the pair at 1.4180. Conversely, the yearly low was recorded on January 30, dropping to 1.3591.

This high-to-low spread represents a total annual volatility of 0.0589 TOP. From a start-to-finish perspective, comparing the January average rate of 1.3703 to the December average rate of 1.3823, the exchange rate registered a net change of 0.87% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.4180 was down 1.91% compared to the 2022 peak of 1.4456, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 7,090 TOP

2022 Average 6,856 TOP

Yearly Trough Low 6,795 TOP

Transaction Impact: A difference of 294.61 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.4142

1.3663

JanuMarcMayJulySeptNove

AZN 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 1.3819, compared to 1.3968 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0150 points.

H1 Avg (Jan–Jun) 1.3819

H2 Avg (Jul–Dec) 1.3968

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0293 TOP (High: 1.3893 / Low: 1.3600). On the other end, September was the most stable month, with a tight range of 0.0083 TOP (High: 1.4106 / Low: 1.4023).

February Spread (Volatile) ±0.0293

September Spread (Stable) ±0.0083

Growth Streaks & Declines

Trends

Between July and October, 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 November and December, when the average rate fell by 0.0195 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0195

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 1.4102) against the same month in 2022 (average: 1.4325), the exchange rate shifted by -0.0223 (-1.56%).

2023 Avg (October) 1.4102

2022 Avg (October) 1.4325

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.3847	1.3591	1.3703
February	1.3893	1.3600	1.3748
March	1.3968	1.3790	1.3871
April	1.3929	1.3782	1.3843
May	1.4008	1.3769	1.3876
June	1.4008	1.3751	1.3870
July	1.3935	1.3654	1.3811
August	1.4074	1.3826	1.3990
September	1.4106	1.4023	1.4065
October	1.4180	1.4017	1.4102
November	1.4150	1.3865	1.4018
December	1.3914	1.3710	1.3823