2023 BRL to TOP Historical Review

YEARLY HIGH

0.4987 TOP

YEARLY LOW

0.4277 TOP

YEARLY AVERAGE

0.4733 TOP

2023 BRL to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BRL to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 31, valuing the pair at 0.4987. Conversely, the yearly low was recorded on January 3, dropping to 0.4277.

This high-to-low spread represents a total annual volatility of 0.0710 TOP. From a start-to-finish perspective, comparing the January average rate of 0.4492 to the December average rate of 0.4799, the exchange rate registered a net change of 6.84% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4987 was up 1.32% compared to the 2022 peak of 0.4922, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 BRL based on timing:

Yearly Peak High 12,468 TOP

2022 Average 11,303 TOP

Yearly Trough Low 10,692 TOP

Transaction Impact: A difference of 1,776.16 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4934

0.4451

JanuMarcMayJulySeptNove

BRL 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 0.4637, compared to 0.4829 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0191 points.

H1 Avg (Jan–Jun) 0.4637

H2 Avg (Jul–Dec) 0.4829

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0293 TOP (High: 0.4570 / Low: 0.4277). On the other end, December was the most stable month, with a tight range of 0.0100 TOP (High: 0.4856 / Low: 0.4756).

January Spread (Volatile) ±0.0293

December Spread (Stable) ±0.0100

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0099 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0099

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.4894) against the same month in 2022 (average: 0.4389), the exchange rate shifted by +0.0505 (+11.50%).

2023 Avg (July) 0.4894

2022 Avg (July) 0.4389

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4570	0.4277	0.4492
February	0.4588	0.4417	0.4513
March	0.4643	0.4442	0.4527
April	0.4795	0.4619	0.4693
May	0.4828	0.4680	0.4740
June	0.4949	0.4749	0.4860
July	0.4987	0.4783	0.4894
August	0.4925	0.4775	0.4846
September	0.4926	0.4742	0.4835
October	0.4831	0.4629	0.4736
November	0.4927	0.4789	0.4864
December	0.4856	0.4756	0.4799