2023 FKP to TOP Historical Review

YEARLY HIGH

3.0882 TOP

YEARLY LOW

2.7845 TOP

YEARLY AVERAGE

2.9375 TOP

2023 FKP to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FKP to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 3.0882. Conversely, the yearly low was recorded on February 5, dropping to 2.7845.

This high-to-low spread represents a total annual volatility of 0.3037 TOP. From a start-to-finish perspective, comparing the January average rate of 2.8522 to the December average rate of 2.9763, the exchange rate registered a net change of 4.35% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 3.0882 was down 1.22% compared to the 2022 peak of 3.1265, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 15,441 TOP

2022 Average 14,396 TOP

Yearly Trough Low 13,922 TOP

Transaction Impact: A difference of 1,518.71 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

3.0446

2.7992

JanuMarcMayJulySeptNove

FKP 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 2.8978, compared to 2.9771 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0793 points.

H1 Avg (Jan–Jun) 2.8978

H2 Avg (Jul–Dec) 2.9771

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.1251 TOP (High: 2.9164 / Low: 2.7913). On the other end, August was the most stable month, with a tight range of 0.0517 TOP (High: 3.0488 / Low: 2.9971).

March Spread (Volatile) ±0.1251

August Spread (Stable) ±0.0517

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0587 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0587

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 3.0241) against the same month in 2022 (average: 2.8234), the exchange rate shifted by +0.2007 (+7.11%).

2023 Avg (July) 3.0241

2022 Avg (July) 2.8234

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8891	2.7907	2.8522
February	2.8687	2.7845	2.8196
March	2.9164	2.7913	2.8631
April	2.9719	2.8880	2.9290
May	2.9786	2.9187	2.9433
June	3.0064	2.9423	2.9800
July	3.0882	2.9903	3.0241
August	3.0488	2.9971	3.0206
September	3.0092	2.9019	2.9620
October	2.9465	2.8887	2.9176
November	3.0071	2.9224	2.9620
December	3.0130	2.9589	2.9763