2023 TOP to DZD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 TOP to DZD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the TOP to DZD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 58.9427. Conversely, the yearly low was recorded on November 14, dropping to 55.8140.
This high-to-low spread represents a total annual volatility of 3.1287 DZD. From a start-to-finish perspective, comparing the January average rate of 58.5508 to the December average rate of 57.2449, the exchange rate registered a net change of -2.23% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 58.9427 was down 7.45% compared to the 2022 peak of 63.6865, 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 DZD 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 57.9215, compared to 57.1905 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7310 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was October, with a trading range of 1.3181 DZD (High: 57.8242 / Low: 56.5061). On the other end, September was the most stable month, with a tight range of 0.4343 DZD (High: 57.6001 / Low: 57.1658).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.8190 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 58.3893) against the same month in 2022 (average: 62.0610), the exchange rate shifted by -3.6717 (-5.92%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 58.8097 | 58.1587 | 58.5508 |
| February | 58.9427 | 57.8086 | 58.3893 |
| March | 58.0936 | 57.2390 | 57.7110 |
| April | 58.1382 | 56.8769 | 57.5579 |
| May | 58.0983 | 57.3172 | 57.6807 |
| June | 58.0100 | 57.2524 | 57.6394 |
| July | 57.8294 | 57.0459 | 57.5623 |
| August | 57.7115 | 56.8483 | 57.2295 |
| September | 57.6001 | 57.1658 | 57.3673 |
| October | 57.8242 | 56.5061 | 57.2791 |
| November | 57.1040 | 55.8140 | 56.4601 |
| December | 57.6527 | 56.8641 | 57.2449 |