2023 TOP to AZN Historical Review

YEARLY HIGH

0.7358 AZN

YEARLY LOW

0.7052 AZN

YEARLY AVERAGE

0.7198 AZN

2023 TOP to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TOP to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 30, valuing the pair at 0.7358. Conversely, the yearly low was recorded on October 29, dropping to 0.7052.

This high-to-low spread represents a total annual volatility of 0.0306 AZN. From a start-to-finish perspective, comparing the January average rate of 0.7298 to the December average rate of 0.7235, the exchange rate registered a net change of -0.87% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7358 was down 2.72% compared to the 2022 peak of 0.7564, 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 3,679 AZN

2022 Average 3,649 AZN

Yearly Trough Low 3,526 AZN

Transaction Impact: A difference of 152.87 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7319

0.7071

JanuMarcMayJulySeptNove

TOP to AZN 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 0.7237, compared to 0.7160 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0077 points.

H1 Avg (Jan–Jun) 0.7237

H2 Avg (Jul–Dec) 0.7160

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0155 AZN (High: 0.7353 / Low: 0.7198). On the other end, September was the most stable month, with a tight range of 0.0042 AZN (High: 0.7131 / Low: 0.7089).

February Spread (Volatile) ±0.0155

September Spread (Stable) ±0.0042

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 July and August, when the average rate fell by 0.0092 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0092

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.7298) against the same month in 2022 (average: 0.7470), the exchange rate shifted by -0.0172 (-2.31%).

2023 Avg (January) 0.7298

2022 Avg (January) 0.7470

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7358	0.7222	0.7298
February	0.7353	0.7198	0.7274
March	0.7252	0.7159	0.7209
April	0.7256	0.7179	0.7224
May	0.7263	0.7139	0.7207
June	0.7272	0.7139	0.7210
July	0.7324	0.7176	0.7241
August	0.7233	0.7105	0.7148
September	0.7131	0.7089	0.7110
October	0.7134	0.7052	0.7091
November	0.7212	0.7067	0.7134
December	0.7294	0.7187	0.7235