2023 JPY to TOP Historical Review

YEARLY HIGH

0.0182 TOP

YEARLY LOW

0.0158 TOP

YEARLY AVERAGE

0.0168 TOP

2023 JPY to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JPY to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 14, valuing the pair at 0.0182. Conversely, the yearly low was recorded on November 15, dropping to 0.0158.

This high-to-low spread represents a total annual volatility of 0.0024 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0179 to the December average rate of 0.0164, the exchange rate registered a net change of -8.60% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0182 was down 9.11% compared to the 2022 peak of 0.0200, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 500,000 JPY based on timing:

Yearly Peak High 9,089 TOP

2022 Average 8,909 TOP

Yearly Trough Low 7,876 TOP

Transaction Impact: A difference of 1,212.72 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0181

0.0157

JanuMarcMayJulySeptNove

JPY 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 0.0174, compared to 0.0163 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) 0.0174

H2 Avg (Jul–Dec) 0.0163

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0008 TOP (High: 0.0172 / Low: 0.0163). On the other end, October was the most stable month, with a tight range of 0.0003 TOP (High: 0.0162 / Low: 0.0159).

June Spread (Volatile) ±0.0008

October Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0005 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0179) against the same month in 2022 (average: 0.0198), the exchange rate shifted by -0.0019 (-9.68%).

2023 Avg (January) 0.0179

2022 Avg (January) 0.0198

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0182	0.0176	0.0179
February	0.0180	0.0172	0.0175
March	0.0180	0.0172	0.0177
April	0.0179	0.0173	0.0176
May	0.0176	0.0169	0.0172
June	0.0172	0.0163	0.0167
July	0.0170	0.0163	0.0166
August	0.0167	0.0163	0.0164
September	0.0163	0.0160	0.0162
October	0.0162	0.0159	0.0160
November	0.0161	0.0158	0.0159
December	0.0166	0.0160	0.0164