2023 TOP to KRW Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 TOP to KRW Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the TOP to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on May 12, valuing the pair at 571.6776. Conversely, the yearly low was recorded on January 9, dropping to 526.7475.
This high-to-low spread represents a total annual volatility of 44.9301 KRW. From a start-to-finish perspective, comparing the January average rate of 533.3816 to the December average rate of 553.8304, the exchange rate registered a net change of 3.83% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 571.6776 was down 4.02% compared to the 2022 peak of 595.6308, 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 KRW 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 551.3575, compared to 554.4873 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.1299 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 32.3479 KRW (High: 560.1541 / Low: 527.8061). On the other end, October was the most stable month, with a tight range of 10.5567 KRW (High: 568.5251 / Low: 557.9684).
Growth Streaks & Declines
TrendsBetween January and May, 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 October and November, when the average rate fell by 15.0739 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2023: 562.9520) against the same month in 2022 (average: 545.5734), the exchange rate shifted by +17.3785 (+3.19%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 545.9463 | 526.7475 | 533.3816 |
| February | 560.1541 | 527.8061 | 547.5408 |
| March | 558.8907 | 546.7200 | 553.3284 |
| April | 568.3543 | 553.0342 | 561.5521 |
| May | 571.6776 | 554.7343 | 562.9520 |
| June | 558.8850 | 538.2528 | 549.3900 |
| July | 556.5037 | 538.6937 | 547.2424 |
| August | 563.4271 | 548.5938 | 556.5367 |
| September | 566.8639 | 552.6185 | 557.8601 |
| October | 568.5251 | 557.9684 | 563.2642 |
| November | 560.4979 | 541.0953 | 548.1902 |
| December | 558.5059 | 545.9105 | 553.8304 |