2023 TOP to GBP Historical Review

YEARLY HIGH

0.3591 GBP

YEARLY LOW

0.3238 GBP

YEARLY AVERAGE

0.3406 GBP

2023 TOP to GBP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TOP to GBP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 0.3591. Conversely, the yearly low was recorded on July 13, dropping to 0.3238.

This high-to-low spread represents a total annual volatility of 0.0353 GBP. From a start-to-finish perspective, comparing the January average rate of 0.3506 to the December average rate of 0.3360, the exchange rate registered a net change of -4.17% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3591 was down 7.05% compared to the 2022 peak of 0.3864, 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 1,796 GBP

2022 Average 1,739 GBP

Yearly Trough Low 1,619 GBP

Transaction Impact: A difference of 176.61 GBP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3571

0.3283

JanuMarcMayJulySeptNove

TOP to GBP 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 0.3452, compared to 0.3360 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0093 points.

H1 Avg (Jan–Jun) 0.3452

H2 Avg (Jul–Dec) 0.3360

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0154 GBP (High: 0.3583 / Low: 0.3429). On the other end, August was the most stable month, with a tight range of 0.0057 GBP (High: 0.3337 / Low: 0.3280).

March Spread (Volatile) ±0.0154

August Spread (Stable) ±0.0057

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 0.0079 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0079

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.3547) against the same month in 2022 (average: 0.3259), the exchange rate shifted by +0.0287 (+8.82%).

2023 Avg (February) 0.3547

2022 Avg (February) 0.3259

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3583	0.3461	0.3506
February	0.3591	0.3486	0.3547
March	0.3583	0.3429	0.3493
April	0.3463	0.3365	0.3414
May	0.3426	0.3357	0.3398
June	0.3399	0.3326	0.3356
July	0.3344	0.3238	0.3307
August	0.3337	0.3280	0.3311
September	0.3446	0.3323	0.3377
October	0.3462	0.3394	0.3427
November	0.3422	0.3325	0.3376
December	0.3380	0.3319	0.3360