2023 TOP to AFN Historical Review

YEARLY HIGH

39.1493 AFN

YEARLY LOW

28.8500 AFN

YEARLY AVERAGE

35.0480 AFN

2023 TOP to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TOP to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 39.1493. Conversely, the yearly low was recorded on November 18, dropping to 28.8500.

This high-to-low spread represents a total annual volatility of 10.2993 AFN. From a start-to-finish perspective, comparing the January average rate of 38.1447 to the December average rate of 29.7690, the exchange rate registered a net change of -21.96% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 39.1493 was down 15.74% compared to the 2022 peak of 46.4604, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 195,746 AFN

2022 Average 193,281 AFN

Yearly Trough Low 144,250 AFN

Transaction Impact: A difference of 51,496.30 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

39.2210

28.9097

JanuMarcMayJulySeptNove

TOP to AFN 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 37.3874, compared to 32.7085 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 4.6789 points.

H1 Avg (Jan–Jun) 37.3874

H2 Avg (Jul–Dec) 32.7085

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 3.5710 AFN (High: 34.1711 / Low: 30.6001). On the other end, December was the most stable month, with a tight range of 1.0498 AFN (High: 30.3652 / Low: 29.3155).

September Spread (Volatile) ±3.5710

December Spread (Stable) ±1.0498

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 August and September, when the average rate fell by 2.8979 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -2.8979

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 38.3617) against the same month in 2022 (average: 41.1420), the exchange rate shifted by -2.7803 (-6.76%).

2023 Avg (February) 38.3617

2022 Avg (February) 41.1420

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	38.7094	37.2505	38.1447
February	39.1493	37.1677	38.3617
March	37.9680	36.3867	37.1454
April	38.8069	36.2384	36.8142
May	37.9563	36.4625	37.0872
June	37.3242	36.0854	36.7713
July	37.5030	36.2226	36.8909
August	36.8591	34.0621	35.5007
September	34.1711	30.6001	32.6028
October	32.8123	30.4580	31.5080
November	31.1347	28.8500	29.9796
December	30.3652	29.3155	29.7690