2023 NAD to TOP Historical Review

YEARLY HIGH

0.1389 TOP

YEARLY LOW

0.1190 TOP

YEARLY AVERAGE

0.1278 TOP

2023 NAD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NAD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 0.1389. Conversely, the yearly low was recorded on October 25, dropping to 0.1190.

This high-to-low spread represents a total annual volatility of 0.0199 TOP. From a start-to-finish perspective, comparing the January average rate of 0.1364 to the December average rate of 0.1258, the exchange rate registered a net change of -7.79% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1389 was down 10.58% compared to the 2022 peak of 0.1554, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 695 TOP

2022 Average 717 TOP

Yearly Trough Low 595 TOP

Transaction Impact: A difference of 99.73 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1377

0.1224

JanuMarcMayJulySeptNove

NAD 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 0.1292, compared to 0.1264 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0028 points.

H1 Avg (Jan–Jun) 0.1292

H2 Avg (Jul–Dec) 0.1264

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0111 TOP (High: 0.1309 / Low: 0.1198). On the other end, September was the most stable month, with a tight range of 0.0027 TOP (High: 0.1274 / Low: 0.1246).

November Spread (Volatile) ±0.0111

September Spread (Stable) ±0.0027

Growth Streaks & Declines

Trends

Between May and July, 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 April and May, when the average rate fell by 0.0058 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0058

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1364) against the same month in 2022 (average: 0.1468), the exchange rate shifted by -0.0104 (-7.09%).

2023 Avg (January) 0.1364

2022 Avg (January) 0.1468

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1389	0.1342	0.1364
February	0.1369	0.1278	0.1308
March	0.1315	0.1270	0.1290
April	0.1326	0.1267	0.1295
May	0.1290	0.1207	0.1237
June	0.1290	0.1208	0.1259
July	0.1333	0.1250	0.1288
August	0.1293	0.1199	0.1262
September	0.1274	0.1246	0.1260
October	0.1281	0.1190	0.1245
November	0.1309	0.1198	0.1272
December	0.1286	0.1236	0.1258