2023 TOP to BOB Historical Review

YEARLY HIGH

3.0166 BOB

YEARLY LOW

2.8601 BOB

YEARLY AVERAGE

2.9248 BOB

2023 TOP to BOB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TOP to BOB exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 3.0166. Conversely, the yearly low was recorded on October 29, dropping to 2.8601.

This high-to-low spread represents a total annual volatility of 0.1565 BOB. From a start-to-finish perspective, comparing the January average rate of 2.9664 to the December average rate of 2.9440, the exchange rate registered a net change of -0.75% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 3.0166 was down 1.67% compared to the 2022 peak of 3.0679, 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 15,083 BOB

2022 Average 14,793 BOB

Yearly Trough Low 14,300 BOB

Transaction Impact: A difference of 782.42 BOB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.9750

2.8717

JanuMarcMayJulySeptNove

TOP to BOB 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 2.9405, compared to 2.9091 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0314 points.

H1 Avg (Jan–Jun) 2.9405

H2 Avg (Jul–Dec) 2.9091

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0907 BOB (High: 3.0166 / Low: 2.9258). On the other end, September was the most stable month, with a tight range of 0.0224 BOB (High: 2.9004 / Low: 2.8780).

February Spread (Volatile) ±0.0907

September Spread (Stable) ±0.0224

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 0.0346 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0346

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 2.9570) against the same month in 2022 (average: 3.0354), the exchange rate shifted by -0.0784 (-2.58%).

2023 Avg (February) 2.9570

2022 Avg (February) 3.0354

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.9921	2.9355	2.9664
February	3.0166	2.9258	2.9570
March	2.9436	2.8869	2.9257
April	2.9612	2.9180	2.9357
May	2.9542	2.9003	2.9281
June	2.9568	2.9005	2.9299
July	2.9704	2.8982	2.9400
August	2.9412	2.8829	2.9055
September	2.9004	2.8780	2.8892
October	2.9004	2.8601	2.8803
November	2.9307	2.8613	2.8957
December	2.9772	2.9217	2.9440