2023 NPR to TOP Historical Review

YEARLY HIGH

0.0183 TOP

YEARLY LOW

0.0174 TOP

YEARLY AVERAGE

0.0179 TOP

2023 NPR to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NPR to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 0.0183. Conversely, the yearly low was recorded on December 28, dropping to 0.0174.

This high-to-low spread represents a total annual volatility of 0.0009 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0178 to the December average rate of 0.0176, the exchange rate registered a net change of -0.94% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0183 was down 5.31% compared to the 2022 peak of 0.0193, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 91 TOP

2022 Average 93 TOP

Yearly Trough Low 87 TOP

Transaction Impact: A difference of 4.30 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0181

0.0176

JanuMarcMayJulySeptNove

NPR 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 0.0179, compared to 0.0179 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0179

H2 Avg (Jul–Dec) 0.0179

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0005 TOP (High: 0.0183 / Low: 0.0178). On the other end, September was the most stable month, with a tight range of 0.0002 TOP (High: 0.0181 / Low: 0.0179).

April Spread (Volatile) ±0.0005

September Spread (Stable) ±0.0002

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 0.0003 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 0.0180) against the same month in 2022 (average: 0.0186), the exchange rate shifted by -0.0007 (-3.50%).

2023 Avg (April) 0.0180

2022 Avg (April) 0.0186

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0179	0.0176	0.0178
February	0.0178	0.0175	0.0177
March	0.0182	0.0177	0.0179
April	0.0183	0.0178	0.0180
May	0.0181	0.0178	0.0179
June	0.0181	0.0178	0.0179
July	0.0182	0.0177	0.0179
August	0.0181	0.0178	0.0180
September	0.0181	0.0179	0.0180
October	0.0181	0.0179	0.0180
November	0.0181	0.0177	0.0179
December	0.0177	0.0174	0.0176