2023 TOP to KHR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 TOP to KHR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the TOP to KHR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 1794.2397. Conversely, the yearly low was recorded on March 19, dropping to 1694.3945.
This high-to-low spread represents a total annual volatility of 99.8453 KHR. From a start-to-finish perspective, comparing the January average rate of 1766.2469 to the December average rate of 1749.4900, the exchange rate registered a net change of -0.95% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 1794.2397 was down 0.60% compared to the 2022 peak of 1804.9852, 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 KHR 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 1741.8955, compared to 1737.1233 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 4.7722 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 82.6153 KHR (High: 1794.2397 / Low: 1711.6244). On the other end, October was the most stable month, with a tight range of 21.1893 KHR (High: 1734.1118 / Low: 1712.9224).
Growth Streaks & Declines
TrendsBetween March and July, 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 February and March, when the average rate fell by 31.5103 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 1748.1561) against the same month in 2022 (average: 1793.9058), the exchange rate shifted by -45.7497 (-2.55%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1778.5996 | 1749.4532 | 1766.2469 |
| February | 1794.2397 | 1711.6244 | 1748.1561 |
| March | 1728.0391 | 1694.3945 | 1716.6459 |
| April | 1745.3565 | 1718.0871 | 1727.1959 |
| May | 1762.2587 | 1726.6965 | 1744.5677 |
| June | 1762.3145 | 1729.7548 | 1748.5603 |
| July | 1775.8888 | 1732.3828 | 1756.0014 |
| August | 1757.8157 | 1726.4724 | 1740.6395 |
| September | 1751.6246 | 1715.0776 | 1727.3959 |
| October | 1734.1118 | 1712.9224 | 1722.5866 |
| November | 1748.3897 | 1703.6473 | 1726.6263 |
| December | 1761.4395 | 1737.4897 | 1749.4900 |