2023 TOP to BAM Historical Review

YEARLY HIGH

0.7928 BAM

YEARLY LOW

0.7407 BAM

YEARLY AVERAGE

0.7655 BAM

2023 TOP to BAM Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TOP to BAM exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 0.7928. Conversely, the yearly low was recorded on July 14, dropping to 0.7407.

This high-to-low spread represents a total annual volatility of 0.0521 BAM. From a start-to-finish perspective, comparing the January average rate of 0.7803 to the December average rate of 0.7625, the exchange rate registered a net change of -2.27% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7928 was down 5.81% compared to the 2022 peak of 0.8417, 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 3,964 BAM

2022 Average 3,988 BAM

Yearly Trough Low 3,704 BAM

Transaction Impact: A difference of 260.40 BAM purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7839

0.7505

JanuMarcMayJulySeptNove

TOP to BAM 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 0.7702, compared to 0.7609 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0093 points.

H1 Avg (Jan–Jun) 0.7702

H2 Avg (Jul–Dec) 0.7609

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0229 BAM (High: 0.7636 / Low: 0.7407). On the other end, August was the most stable month, with a tight range of 0.0104 BAM (High: 0.7585 / Low: 0.7481).

July Spread (Volatile) ±0.0229

August Spread (Stable) ±0.0104

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 March and April, when the average rate fell by 0.0173 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0173

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.7803) against the same month in 2022 (average: 0.7594), the exchange rate shifted by +0.0209 (+2.75%).

2023 Avg (January) 0.7803

2022 Avg (January) 0.7594

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7928	0.7753	0.7803
February	0.7857	0.7669	0.7812
March	0.7858	0.7632	0.7747
April	0.7658	0.7435	0.7573
May	0.7708	0.7501	0.7623
June	0.7721	0.7557	0.7654
July	0.7636	0.7407	0.7533
August	0.7585	0.7481	0.7535
September	0.7756	0.7564	0.7648
October	0.7808	0.7638	0.7720
November	0.7708	0.7516	0.7592
December	0.7701	0.7564	0.7625