2023 TOP to BZD Historical Review

YEARLY HIGH

0.8800 BZD

YEARLY LOW

0.8343 BZD

YEARLY AVERAGE

0.8530 BZD

2023 TOP to BZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TOP to BZD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 0.8800. Conversely, the yearly low was recorded on October 29, dropping to 0.8343.

This high-to-low spread represents a total annual volatility of 0.0456 BZD. From a start-to-finish perspective, comparing the January average rate of 0.8653 to the December average rate of 0.8587, the exchange rate registered a net change of -0.76% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8800 was down 2.12% compared to the 2022 peak of 0.8990, 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 4,400 BZD

2022 Average 4,326 BZD

Yearly Trough Low 4,172 BZD

Transaction Impact: A difference of 228.06 BZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8678

0.8377

JanuMarcMayJulySeptNove

TOP to BZD 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 0.8575, compared to 0.8486 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0089 points.

H1 Avg (Jan–Jun) 0.8575

H2 Avg (Jul–Dec) 0.8486

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0265 BZD (High: 0.8800 / Low: 0.8535). On the other end, September was the most stable month, with a tight range of 0.0065 BZD (High: 0.8461 / Low: 0.8396).

February Spread (Volatile) ±0.0265

September Spread (Stable) ±0.0065

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 February and March, when the average rate fell by 0.0101 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0101

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.8626) against the same month in 2022 (average: 0.8889), the exchange rate shifted by -0.0264 (-2.97%).

2023 Avg (February) 0.8626

2022 Avg (February) 0.8889

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8728	0.8563	0.8653
February	0.8800	0.8535	0.8626
March	0.8579	0.8421	0.8525
April	0.8615	0.8416	0.8557
May	0.8618	0.8461	0.8541
June	0.8625	0.8461	0.8547
July	0.8665	0.8454	0.8574
August	0.8580	0.8410	0.8476
September	0.8461	0.8396	0.8428
October	0.8460	0.8343	0.8402
November	0.8550	0.8347	0.8447
December	0.8685	0.8522	0.8587