YEARLY HIGH
9878.7492 STD
YEARLY LOW
9243.3356 STD
YEARLY AVERAGE
9566.4879 STD

2023 TOP to STD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TOP to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 30, valuing the pair at 9878.7492. Conversely, the yearly low was recorded on October 29, dropping to 9243.3356.

This high-to-low spread represents a total annual volatility of 635.4135 STD. From a start-to-finish perspective, comparing the January average rate of 9797.9118 to the December average rate of 9482.3491, the exchange rate registered a net change of -3.22% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 9878.7492 was down 2.01% compared to the 2022 peak of 10081.2438, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 49,393,746 STD
2022 Average 47,559,418 STD
Yearly Trough Low 46,216,678 STD
Transaction Impact: A difference of 3,177,067.70 STD purely based on transaction execution date.

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9848.2486
9244.2074
JanuMarcMayJulySeptNove

TOP to STD 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 9715.7177, compared to 9417.2582 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 298.4595 points.

H1 Avg (Jan–Jun) 9715.7177
H2 Avg (Jul–Dec) 9417.2582

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 379.5646 STD (High: 9832.9342 / Low: 9453.3695). On the other end, September was the most stable month, with a tight range of 54.6674 STD (High: 9346.4436 / Low: 9291.7761).

July Spread (Volatile) Âą379.5646
September Spread (Stable) Âą54.6674

Growth Streaks & Declines

Trends

Between May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 321.3687 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -321.3687

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 9797.9118) against the same month in 2022 (average: 9294.1374), the exchange rate shifted by +503.7744 (+5.42%).

2023 Avg (January) 9797.9118
2022 Avg (January) 9294.1374

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Month High Low Average
January 9878.7492 9696.1129 9797.9118
February 9872.1817 9664.1145 9765.8600
March 9730.3977 9611.5987 9677.0069
April 9741.8729 9639.0020 9698.7271
May 9750.8585 9584.1695 9675.5735
June 9763.3300 9584.1695 9679.2267
July 9832.9342 9453.3695 9690.4760
August 9480.1163 9312.9262 9369.1073
September 9346.4436 9291.7761 9318.5802
October 9350.9269 9243.3356 9294.5442
November 9453.3535 9262.8983 9348.4921
December 9560.4070 9419.9663 9482.3491