2023 BTN to TOP Historical Review

YEARLY HIGH

0.0293 TOP

YEARLY LOW

0.0279 TOP

YEARLY AVERAGE

0.0286 TOP

2023 BTN to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BTN to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 0.0293. Conversely, the yearly low was recorded on December 28, dropping to 0.0279.

This high-to-low spread represents a total annual volatility of 0.0014 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0285 to the December average rate of 0.0282, the exchange rate registered a net change of -0.94% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0293 was down 5.31% compared to the 2022 peak of 0.0309, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 146 TOP

2022 Average 148 TOP

Yearly Trough Low 139 TOP

Transaction Impact: A difference of 6.89 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0289

0.0281

JanuMarcMayJulySeptNove

BTN 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 0.0286, compared to 0.0286 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0286

H2 Avg (Jul–Dec) 0.0286

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0008 TOP (High: 0.0293 / Low: 0.0285). On the other end, September was the most stable month, with a tight range of 0.0003 TOP (High: 0.0289 / Low: 0.0287).

April Spread (Volatile) ±0.0008

September Spread (Stable) ±0.0003

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 0.0004 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 0.0287) against the same month in 2022 (average: 0.0298), the exchange rate shifted by -0.0010 (-3.50%).

2023 Avg (April) 0.0287

2022 Avg (April) 0.0298

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0287	0.0282	0.0285
February	0.0286	0.0280	0.0283
March	0.0290	0.0284	0.0287
April	0.0293	0.0285	0.0287
May	0.0289	0.0284	0.0287
June	0.0289	0.0285	0.0287
July	0.0291	0.0283	0.0286
August	0.0290	0.0285	0.0287
September	0.0289	0.0287	0.0288
October	0.0290	0.0286	0.0288
November	0.0290	0.0283	0.0287
December	0.0284	0.0279	0.0282