2023 TOP to GTQ Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 TOP to GTQ Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the TOP to GTQ exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 3.4269. Conversely, the yearly low was recorded on October 29, dropping to 3.2451.
This high-to-low spread represents a total annual volatility of 0.1818 GTQ. From a start-to-finish perspective, comparing the January average rate of 3.3691 to the December average rate of 3.3331, the exchange rate registered a net change of -1.07% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 3.4269 was down 0.07% compared to the 2022 peak of 3.4294, 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 GTQ 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 3.3274, compared to 3.3028 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0245 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 0.1184 GTQ (High: 3.4269 / Low: 3.3086). On the other end, September was the most stable month, with a tight range of 0.0278 GTQ (High: 3.3056 / Low: 3.2778).
Growth Streaks & Declines
TrendsBetween May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0479 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 3.3513) against the same month in 2022 (average: 3.3949), the exchange rate shifted by -0.0435 (-1.28%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.3977 | 3.3327 | 3.3691 |
| February | 3.4269 | 3.3086 | 3.3513 |
| March | 3.3247 | 3.2587 | 3.3034 |
| April | 3.3342 | 3.2590 | 3.3104 |
| May | 3.3347 | 3.2770 | 3.3078 |
| June | 3.3525 | 3.2867 | 3.3223 |
| July | 3.3734 | 3.2905 | 3.3381 |
| August | 3.3466 | 3.2750 | 3.3036 |
| September | 3.3056 | 3.2778 | 3.2902 |
| October | 3.2967 | 3.2451 | 3.2701 |
| November | 3.3191 | 3.2464 | 3.2819 |
| December | 3.3705 | 3.3094 | 3.3331 |