2023 MOP to TOP Historical Review

YEARLY HIGH

0.2999 TOP

YEARLY LOW

0.2835 TOP

YEARLY AVERAGE

0.2930 TOP

2023 MOP to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MOP to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on October 29, valuing the pair at 0.2999. Conversely, the yearly low was recorded on February 5, dropping to 0.2835.

This high-to-low spread represents a total annual volatility of 0.0164 TOP. From a start-to-finish perspective, comparing the January average rate of 0.2892 to the December average rate of 0.2918, the exchange rate registered a net change of 0.88% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2999 was down 1.92% compared to the 2022 peak of 0.3058, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,499 TOP

2022 Average 1,445 TOP

Yearly Trough Low 1,417 TOP

Transaction Impact: A difference of 82.15 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2985

0.2883

JanuMarcMayJulySeptNove

MOP 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 0.2911, compared to 0.2950 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0039 points.

H1 Avg (Jan–Jun) 0.2911

H2 Avg (Jul–Dec) 0.2950

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0087 TOP (High: 0.2922 / Low: 0.2835). On the other end, September was the most stable month, with a tight range of 0.0028 TOP (High: 0.2978 / Low: 0.2950).

February Spread (Volatile) ±0.0087

September Spread (Stable) ±0.0028

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0050 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0050

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.2976) against the same month in 2022 (average: 0.3013), the exchange rate shifted by -0.0037 (-1.21%).

2023 Avg (October) 0.2976

2022 Avg (October) 0.3013

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2927	0.2863	0.2892
February	0.2922	0.2835	0.2891
March	0.2960	0.2904	0.2922
April	0.2962	0.2893	0.2914
May	0.2952	0.2898	0.2923
June	0.2953	0.2900	0.2923
July	0.2954	0.2890	0.2920
August	0.2971	0.2927	0.2951
September	0.2978	0.2950	0.2965
October	0.2999	0.2956	0.2976
November	0.2996	0.2931	0.2968
December	0.2940	0.2883	0.2918