2023 TOP to EUR Historical Review

YEARLY HIGH

0.4056 EUR

YEARLY LOW

0.3781 EUR

YEARLY AVERAGE

0.3913 EUR

2023 TOP to EUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TOP to EUR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.4056. Conversely, the yearly low was recorded on July 14, dropping to 0.3781.

This high-to-low spread represents a total annual volatility of 0.0275 EUR. From a start-to-finish perspective, comparing the January average rate of 0.3979 to the December average rate of 0.3896, the exchange rate registered a net change of -2.10% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4056 was down 5.79% compared to the 2022 peak of 0.4306, 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 2,028 EUR

2022 Average 2,039 EUR

Yearly Trough Low 1,890 EUR

Transaction Impact: A difference of 137.73 EUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4013

0.3837

JanuMarcMayJulySeptNove

TOP to EUR 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 0.3935, compared to 0.3891 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0044 points.

H1 Avg (Jan–Jun) 0.3935

H2 Avg (Jul–Dec) 0.3891

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0161 EUR (High: 0.3946 / Low: 0.3785). On the other end, August was the most stable month, with a tight range of 0.0052 EUR (High: 0.3879 / Low: 0.3827).

May Spread (Volatile) ±0.0161

August Spread (Stable) ±0.0052

Growth Streaks & Declines

Trends

Between 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 0.0090 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0090

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.3979) against the same month in 2022 (average: 0.3882), the exchange rate shifted by +0.0098 (+2.52%).

2023 Avg (January) 0.3979

2022 Avg (January) 0.3882

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4056	0.3947	0.3979
February	0.4027	0.3921	0.3998
March	0.4017	0.3895	0.3957
April	0.3937	0.3802	0.3867
May	0.3946	0.3785	0.3897
June	0.3950	0.3867	0.3911
July	0.3914	0.3781	0.3851
August	0.3879	0.3827	0.3854
September	0.3980	0.3884	0.3917
October	0.3994	0.3896	0.3948
November	0.3927	0.3835	0.3878
December	0.3937	0.3856	0.3896