2023 TOP to IDR Historical Review

YEARLY HIGH

6668.9199 IDR

YEARLY LOW

6205.1096 IDR

YEARLY AVERAGE

6452.5247 IDR

2023 TOP to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TOP to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 6668.9199. Conversely, the yearly low was recorded on April 27, dropping to 6205.1096.

This high-to-low spread represents a total annual volatility of 463.8103 IDR. From a start-to-finish perspective, comparing the January average rate of 6542.8910 to the December average rate of 6588.9083, the exchange rate registered a net change of 0.70% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 6668.9199 was down 0.61% compared to the 2022 peak of 6709.6246, 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 33,344,599 IDR

2022 Average 31,853,515 IDR

Yearly Trough Low 31,025,548 IDR

Transaction Impact: A difference of 2,319,051.31 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

6618.4488

6263.9628

JanuMarcMayJulySeptNove

TOP to IDR 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 6411.5385, compared to 6493.5110 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 81.9725 points.

H1 Avg (Jan–Jun) 6411.5385

H2 Avg (Jul–Dec) 6493.5110

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 213.3511 IDR (High: 6581.2497 / Low: 6367.8986). On the other end, August was the most stable month, with a tight range of 99.8799 IDR (High: 6460.4276 / Low: 6360.5477).

March Spread (Volatile) ±213.3511

August Spread (Stable) ±99.8799

Growth Streaks & Declines

Trends

Between May and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 166.1438 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -166.1438

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 6542.8910) against the same month in 2022 (average: 6298.4439), the exchange rate shifted by +244.4471 (+3.88%).

2023 Avg (January) 6542.8910

2022 Avg (January) 6298.4439

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6668.9199	6458.1467	6542.8910
February	6529.1637	6427.7245	6488.8402
March	6581.2497	6367.8986	6485.7237
April	6385.3142	6205.1096	6319.5798
May	6343.6405	6211.6060	6293.5033
June	6420.9879	6257.5532	6338.6927
July	6457.8403	6328.7266	6413.3774
August	6460.4276	6360.5477	6419.1521
September	6512.5715	6390.1699	6430.1713
October	6625.7581	6468.3804	6573.9505
November	6613.2856	6448.0313	6535.5063
December	6666.3306	6493.6712	6588.9083