2023 TOP to CRC Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 TOP to CRC Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the TOP to CRC exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 252.9578. Conversely, the yearly low was recorded on October 29, dropping to 219.7806.
This high-to-low spread represents a total annual volatility of 33.1771 CRC. From a start-to-finish perspective, comparing the January average rate of 246.7011 to the December average rate of 223.4907, the exchange rate registered a net change of -9.41% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 252.9578 was down 14.98% compared to the 2022 peak of 297.5446, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
TOP to CRC Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 234.0452, compared to 224.7094 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 9.3358 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 14.2878 CRC (High: 252.9578 / Low: 238.6700). On the other end, December was the most stable month, with a tight range of 2.1458 CRC (High: 224.8983 / Low: 222.7525).
Growth Streaks & Declines
TrendsBetween April and July, 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 February and March, when the average rate fell by 10.4876 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 246.7011) against the same month in 2022 (average: 280.7399), the exchange rate shifted by -34.0388 (-12.12%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 252.9578 | 238.6700 | 246.7011 |
| February | 248.9559 | 237.0775 | 241.8163 |
| March | 237.2321 | 226.8631 | 231.3287 |
| April | 231.6899 | 224.6313 | 227.5957 |
| May | 231.7542 | 225.4822 | 227.8402 |
| June | 231.2906 | 226.3104 | 228.9891 |
| July | 233.7821 | 227.6856 | 230.0430 |
| August | 231.8810 | 222.6491 | 226.3108 |
| September | 226.1728 | 221.2895 | 223.9806 |
| October | 224.6310 | 219.7806 | 221.8722 |
| November | 224.6859 | 219.8222 | 222.5591 |
| December | 224.8983 | 222.7525 | 223.4907 |