2023 TOP to CZK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 TOP to CZK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the TOP to CZK exchange rate experienced significant fluctuation. The market reached its absolute peak on October 13, valuing the pair at 9.8530. Conversely, the yearly low was recorded on April 13, dropping to 8.9359.
This high-to-low spread represents a total annual volatility of 0.9171 CZK. From a start-to-finish perspective, comparing the January average rate of 9.5329 to the December average rate of 9.5431, the exchange rate registered a net change of 0.11% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 9.8530 was down 7.10% compared to the 2022 peak of 10.6057, 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 CZK 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 9.3280, compared to 9.4645 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1366 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 0.4922 CZK (High: 9.6572 / Low: 9.1650). On the other end, August was the most stable month, with a tight range of 0.1558 CZK (High: 9.3854 / Low: 9.2296).
Growth Streaks & Declines
TrendsBetween July and October, 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 March and April, when the average rate fell by 0.2946 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2023: 9.7053) against the same month in 2022 (average: 10.2411), the exchange rate shifted by -0.5358 (-5.23%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 9.7569 | 9.4132 | 9.5329 |
| February | 9.5319 | 9.3296 | 9.4852 |
| March | 9.6572 | 9.1650 | 9.3799 |
| April | 9.2469 | 8.9359 | 9.0853 |
| May | 9.3512 | 9.0058 | 9.2149 |
| June | 9.3820 | 9.1536 | 9.2697 |
| July | 9.3407 | 9.0022 | 9.2021 |
| August | 9.3854 | 9.2296 | 9.2968 |
| September | 9.6901 | 9.3761 | 9.5520 |
| October | 9.8530 | 9.5909 | 9.7053 |
| November | 9.6899 | 9.3162 | 9.4878 |
| December | 9.6035 | 9.4174 | 9.5431 |