2023 TOP to KGS Historical Review

YEARLY HIGH

38.2236 KGS

YEARLY LOW

35.7161 KGS

YEARLY AVERAGE

37.1907 KGS

2023 TOP to KGS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TOP to KGS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 38.2236. Conversely, the yearly low was recorded on January 4, dropping to 35.7161.

This high-to-low spread represents a total annual volatility of 2.5076 KGS. From a start-to-finish perspective, comparing the January average rate of 36.7410 to the December average rate of 37.9316, the exchange rate registered a net change of 3.24% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 38.2236 was down 16.01% compared to the 2022 peak of 45.5105, 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 191,118 KGS

2022 Average 180,990 KGS

Yearly Trough Low 178,580 KGS

Transaction Impact: A difference of 12,537.85 KGS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

38.0507

36.6220

JanuMarcMayJulySeptNove

TOP to KGS 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 37.0597, compared to 37.3218 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2622 points.

H1 Avg (Jan–Jun) 37.0597

H2 Avg (Jul–Dec) 37.3218

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 1.5716 KGS (High: 37.2877 / Low: 35.7161). On the other end, September was the most stable month, with a tight range of 0.3165 KGS (High: 37.1528 / Low: 36.8363).

January Spread (Volatile) ±1.5716

September Spread (Stable) ±0.3165

Growth Streaks & Declines

Trends

Between September and December, 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 July and August, when the average rate fell by 0.3220 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3220

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 37.9316) against the same month in 2022 (average: 36.2874), the exchange rate shifted by +1.6442 (+4.53%).

2023 Avg (December) 37.9316

2022 Avg (December) 36.2874

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	37.2877	35.7161	36.7410
February	37.3567	36.9516	37.2102
March	37.2692	36.8142	37.0646
April	37.3291	36.9613	37.1731
May	37.2981	36.7805	37.0805
June	37.4680	36.7791	37.0885
July	37.8558	36.8094	37.3570
August	37.3482	36.8845	37.0349
September	37.1528	36.8363	37.0300
October	37.3946	36.9580	37.1694
November	37.8115	37.1317	37.4080
December	38.2236	37.7106	37.9316