2023 TOP to HUF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 TOP to HUF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the TOP to HUF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 161.9520. Conversely, the yearly low was recorded on July 13, dropping to 141.5367.
This high-to-low spread represents a total annual volatility of 20.4153 HUF. From a start-to-finish perspective, comparing the January average rate of 157.1256 to the December average rate of 148.7577, the exchange rate registered a net change of -5.33% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 161.9520 was down 10.89% compared to the 2022 peak of 181.7470, 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 HUF 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 149.8691, compared to 148.9981 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.8709 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 11.0803 HUF (High: 159.1542 / Low: 148.0739). On the other end, June was the most stable month, with a tight range of 3.1508 HUF (High: 146.2596 / Low: 143.1088).
Growth Streaks & Declines
TrendsBetween June and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 6.9353 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 157.1256) against the same month in 2022 (average: 139.3774), the exchange rate shifted by +17.7482 (+12.73%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 161.9520 | 153.2411 | 157.1256 |
| February | 157.5896 | 150.8219 | 153.7698 |
| March | 159.1542 | 148.0739 | 152.4981 |
| April | 149.9408 | 142.9724 | 145.5628 |
| May | 148.1401 | 143.2302 | 145.2966 |
| June | 146.2596 | 143.1088 | 144.9614 |
| July | 150.5122 | 141.5367 | 146.0998 |
| August | 152.3698 | 145.6893 | 148.4176 |
| September | 156.2548 | 148.6189 | 151.4571 |
| October | 155.6265 | 148.7327 | 152.2440 |
| November | 150.5996 | 144.1130 | 147.0126 |
| December | 150.5940 | 146.3573 | 148.7577 |