2023 TOP to BND Historical Review

YEARLY HIGH

0.5750 BND

YEARLY LOW

0.5583 BND

YEARLY AVERAGE

0.5684 BND

2023 TOP to BND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TOP to BND exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.5750. Conversely, the yearly low was recorded on April 30, dropping to 0.5583.

This high-to-low spread represents a total annual volatility of 0.0167 BND. From a start-to-finish perspective, comparing the January average rate of 0.5696 to the December average rate of 0.5670, the exchange rate registered a net change of -0.46% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5750 was down 4.93% compared to the 2022 peak of 0.6048, 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 2,875 BND

2022 Average 2,958 BND

Yearly Trough Low 2,791 BND

Transaction Impact: A difference of 83.41 BND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5715

0.5647

JanuMarcMayJulySeptNove

TOP to BND 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 0.5685, compared to 0.5683 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.5685

H2 Avg (Jul–Dec) 0.5683

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0134 BND (High: 0.5744 / Low: 0.5611). On the other end, December was the most stable month, with a tight range of 0.0052 BND (High: 0.5688 / Low: 0.5636).

July Spread (Volatile) ±0.0134

December Spread (Stable) ±0.0052

Growth Streaks & Declines

Trends

Between April and June, 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 October and November, when the average rate fell by 0.0052 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0052

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.5709) against the same month in 2022 (average: 0.5857), the exchange rate shifted by -0.0147 (-2.51%).

2023 Avg (October) 0.5709

2022 Avg (October) 0.5857

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5743	0.5663	0.5696
February	0.5737	0.5637	0.5699
March	0.5744	0.5611	0.5680
April	0.5683	0.5583	0.5652
May	0.5727	0.5620	0.5676
June	0.5743	0.5672	0.5707
July	0.5744	0.5611	0.5683
August	0.5706	0.5628	0.5679
September	0.5737	0.5664	0.5697
October	0.5750	0.5672	0.5709
November	0.5697	0.5616	0.5657
December	0.5688	0.5636	0.5670