2023 CNY to TOP Historical Review

YEARLY HIGH

0.3475 TOP

YEARLY LOW

0.3231 TOP

YEARLY AVERAGE

0.3341 TOP

2023 CNY to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CNY to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 0.3475. Conversely, the yearly low was recorded on July 19, dropping to 0.3231.

This high-to-low spread represents a total annual volatility of 0.0244 TOP. From a start-to-finish perspective, comparing the January average rate of 0.3430 to the December average rate of 0.3301, the exchange rate registered a net change of -3.76% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3475 was down 4.18% compared to the 2022 peak of 0.3627, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8,687 TOP

2022 Average 8,667 TOP

Yearly Trough Low 8,077 TOP

Transaction Impact: A difference of 610.86 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3446

0.3251

JanuMarcMayJulySeptNove

CNY 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 0.3393, compared to 0.3289 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0103 points.

H1 Avg (Jan–Jun) 0.3393

H2 Avg (Jul–Dec) 0.3289

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0110 TOP (High: 0.3361 / Low: 0.3252). On the other end, April was the most stable month, with a tight range of 0.0026 TOP (High: 0.3430 / Low: 0.3404).

June Spread (Volatile) ±0.0110

April Spread (Stable) ±0.0026

Growth Streaks & Declines

Trends

Between September and November, 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 0.0080 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0080

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.3430) against the same month in 2022 (average: 0.3581), the exchange rate shifted by -0.0150 (-4.20%).

2023 Avg (January) 0.3430

2022 Avg (January) 0.3581

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3475	0.3389	0.3430
February	0.3446	0.3382	0.3415
March	0.3461	0.3390	0.3422
April	0.3430	0.3404	0.3417
May	0.3421	0.3335	0.3376
June	0.3361	0.3252	0.3296
July	0.3317	0.3231	0.3267
August	0.3324	0.3268	0.3285
September	0.3311	0.3266	0.3279
October	0.3363	0.3264	0.3296
November	0.3344	0.3272	0.3308
December	0.3335	0.3267	0.3301