2023 SAR to TOP Historical Review

YEARLY HIGH

0.6426 TOP

YEARLY LOW

0.6154 TOP

YEARLY AVERAGE

0.6296 TOP

2023 SAR to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SAR to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on October 29, valuing the pair at 0.6426. Conversely, the yearly low was recorded on January 30, dropping to 0.6154.

This high-to-low spread represents a total annual volatility of 0.0272 TOP. From a start-to-finish perspective, comparing the January average rate of 0.6202 to the December average rate of 0.6265, the exchange rate registered a net change of 1.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6426 was down 1.79% compared to the 2022 peak of 0.6543, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,213 TOP

2022 Average 3,104 TOP

Yearly Trough Low 3,077 TOP

Transaction Impact: A difference of 135.89 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6410

0.6183

JanuMarcMayJulySeptNove

SAR 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 0.6261, compared to 0.6331 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0071 points.

H1 Avg (Jan–Jun) 0.6261

H2 Avg (Jul–Dec) 0.6331

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0132 TOP (High: 0.6293 / Low: 0.6161). On the other end, September was the most stable month, with a tight range of 0.0038 TOP (High: 0.6393 / Low: 0.6356).

February Spread (Volatile) ±0.0132

September Spread (Stable) ±0.0038

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 0.0091 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0091

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.6391) against the same month in 2022 (average: 0.6480), the exchange rate shifted by -0.0088 (-1.36%).

2023 Avg (October) 0.6391

2022 Avg (October) 0.6480

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6261	0.6154	0.6202
February	0.6293	0.6161	0.6230
March	0.6325	0.6245	0.6282
April	0.6313	0.6247	0.6274
May	0.6350	0.6241	0.6290
June	0.6350	0.6234	0.6288
July	0.6316	0.6187	0.6260
August	0.6380	0.6264	0.6340
September	0.6393	0.6356	0.6375
October	0.6426	0.6353	0.6391
November	0.6412	0.6283	0.6356
December	0.6305	0.6212	0.6265