2023 TOP to BTN Historical Review

YEARLY HIGH

35.8438 BTN

YEARLY LOW

34.1569 BTN

YEARLY AVERAGE

34.9503 BTN

2023 TOP to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TOP to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 35.8438. Conversely, the yearly low was recorded on April 30, dropping to 34.1569.

This high-to-low spread represents a total annual volatility of 1.6869 BTN. From a start-to-finish perspective, comparing the January average rate of 35.1243 to the December average rate of 35.4588, the exchange rate registered a net change of 0.95% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 35.8438 was up 1.09% compared to the 2022 peak of 35.4589, 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 179,219 BTN

2022 Average 168,541 BTN

Yearly Trough Low 170,784 BTN

Transaction Impact: A difference of 8,434.61 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

35.5362

34.6077

JanuMarcMayJulySeptNove

TOP to BTN 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 34.9759, compared to 34.9247 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0512 points.

H1 Avg (Jan–Jun) 34.9759

H2 Avg (Jul–Dec) 34.9247

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.9827 BTN (High: 35.1395 / Low: 34.1569). On the other end, September was the most stable month, with a tight range of 0.3023 BTN (High: 34.8613 / Low: 34.5590).

April Spread (Volatile) ±0.9827

September Spread (Stable) ±0.3023

Growth Streaks & Declines

Trends

Between October and December, 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 February and March, when the average rate fell by 0.4837 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.4837

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 35.4588) against the same month in 2022 (average: 35.1428), the exchange rate shifted by +0.3160 (+0.90%).

2023 Avg (December) 35.4588

2022 Avg (December) 35.1428

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	35.4329	34.8458	35.1243
February	35.7229	35.0207	35.3395
March	35.2176	34.4324	34.8558
April	35.1395	34.1569	34.7997
May	35.2045	34.5525	34.8822
June	35.0513	34.5538	34.8541
July	35.2909	34.3971	34.9647
August	35.0915	34.5390	34.8196
September	34.8613	34.5590	34.7149
October	34.9259	34.4504	34.6851
November	35.3671	34.4632	34.9052
December	35.8438	35.2115	35.4588