2023 GMD to TOP Historical Review

YEARLY HIGH

0.0400 TOP

YEARLY LOW

0.0346 TOP

YEARLY AVERAGE

0.0380 TOP

2023 GMD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GMD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on May 31, valuing the pair at 0.0400. Conversely, the yearly low was recorded on December 31, dropping to 0.0346.

This high-to-low spread represents a total annual volatility of 0.0054 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0376 to the December average rate of 0.0349, the exchange rate registered a net change of -7.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0400 was down 9.34% compared to the 2022 peak of 0.0441, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 200 TOP

2022 Average 211 TOP

Yearly Trough Low 173 TOP

Transaction Impact: A difference of 26.82 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0401

0.0344

JanuMarcMayJulySeptNove

GMD 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 0.0386, compared to 0.0374 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.0386

H2 Avg (Jul–Dec) 0.0374

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0029 TOP (High: 0.0396 / Low: 0.0367). On the other end, December was the most stable month, with a tight range of 0.0005 TOP (High: 0.0351 / Low: 0.0346).

September Spread (Volatile) ±0.0029

December Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between January and March, 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 September and October, when the average rate fell by 0.0022 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0022

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.0395) against the same month in 2022 (average: 0.0430), the exchange rate shifted by -0.0036 (-8.32%).

2023 Avg (May) 0.0395

2022 Avg (May) 0.0430

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0381	0.0371	0.0376
February	0.0387	0.0376	0.0383
March	0.0388	0.0378	0.0384
April	0.0394	0.0377	0.0381
May	0.0400	0.0390	0.0395
June	0.0400	0.0393	0.0396
July	0.0398	0.0389	0.0394
August	0.0395	0.0389	0.0393
September	0.0396	0.0367	0.0387
October	0.0371	0.0363	0.0365
November	0.0370	0.0350	0.0356
December	0.0351	0.0346	0.0349