2023 CHF to TOP Historical Review

YEARLY HIGH

2.7716 TOP

YEARLY LOW

2.4952 TOP

YEARLY AVERAGE

2.6299 TOP

2023 CHF to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CHF to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 2.7716. Conversely, the yearly low was recorded on February 3, dropping to 2.4952.

This high-to-low spread represents a total annual volatility of 0.2764 TOP. From a start-to-finish perspective, comparing the January average rate of 2.5211 to the December average rate of 2.7206, the exchange rate registered a net change of 7.91% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.7716 was up 8.99% compared to the 2022 peak of 2.5429, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 13,858 TOP

2022 Average 12,210 TOP

Yearly Trough Low 12,476 TOP

Transaction Impact: A difference of 1,381.85 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.7406

2.5012

JanuMarcMayJulySeptNove

CHF 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 2.5762, compared to 2.6836 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1074 points.

H1 Avg (Jan–Jun) 2.5762

H2 Avg (Jul–Dec) 2.6836

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.1187 TOP (High: 2.7379 / Low: 2.6192). On the other end, August was the most stable month, with a tight range of 0.0342 TOP (High: 2.7205 / Low: 2.6863).

July Spread (Volatile) ±0.1187

August Spread (Stable) ±0.0342

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0468 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0468

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 2.7206) against the same month in 2022 (average: 2.5171), the exchange rate shifted by +0.2035 (+8.09%).

2023 Avg (December) 2.7206

2022 Avg (December) 2.5171

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5550	2.4968	2.5211
February	2.5526	2.4952	2.5222
March	2.5959	2.5036	2.5492
April	2.6603	2.5613	2.6183
May	2.6679	2.6019	2.6264
June	2.6466	2.5944	2.6197
July	2.7379	2.6192	2.6861
August	2.7205	2.6863	2.7067
September	2.6942	2.5972	2.6599
October	2.6996	2.5973	2.6534
November	2.6985	2.6459	2.6748
December	2.7716	2.6808	2.7206