2023 CDF to TOP Historical Review

YEARLY HIGH

0.0012 TOP

YEARLY LOW

0.0008 TOP

YEARLY AVERAGE

0.0010 TOP

2023 CDF to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CDF to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 0.0012. Conversely, the yearly low was recorded on December 21, dropping to 0.0008.

This high-to-low spread represents a total annual volatility of 0.0003 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0011 to the December average rate of 0.0009, the exchange rate registered a net change of -24.09% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0012 was down 3.30% compared to the 2022 peak of 0.0012, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6 TOP

2022 Average 6 TOP

Yearly Trough Low 4 TOP

Transaction Impact: A difference of 1.62 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0012

0.0008

JanuMarcMayJulySeptNove

CDF 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 0.0011, compared to 0.0009 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0011

H2 Avg (Jul–Dec) 0.0009

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0001 TOP (High: 0.0012 / Low: 0.0010). On the other end, September was the most stable month, with a tight range of 0.0000 TOP (High: 0.0010 / Low: 0.0010).

May Spread (Volatile) ±0.0001

September Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between July and September, 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 May and June, when the average rate fell by 0.0001 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0011) against the same month in 2022 (average: 0.0011), the exchange rate shifted by +0.0000 (+0.21%).

2023 Avg (January) 0.0011

2022 Avg (January) 0.0011

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0012	0.0011	0.0011
February	0.0012	0.0011	0.0011
March	0.0012	0.0011	0.0011
April	0.0012	0.0011	0.0011
May	0.0012	0.0010	0.0011
June	0.0010	0.0010	0.0010
July	0.0010	0.0009	0.0010
August	0.0010	0.0009	0.0010
September	0.0010	0.0010	0.0010
October	0.0010	0.0009	0.0010
November	0.0010	0.0009	0.0009
December	0.0009	0.0008	0.0009