2023 TOP to NPR Historical Review

YEARLY HIGH

57.3494 NPR

YEARLY LOW

54.6511 NPR

YEARLY AVERAGE

55.9203 NPR

2023 TOP to NPR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TOP to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 57.3494. Conversely, the yearly low was recorded on April 30, dropping to 54.6511.

This high-to-low spread represents a total annual volatility of 2.6983 NPR. From a start-to-finish perspective, comparing the January average rate of 56.1993 to the December average rate of 56.7335, the exchange rate registered a net change of 0.95% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 57.3494 was up 1.08% compared to the 2022 peak of 56.7343, 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 286,747 NPR

2022 Average 269,650 NPR

Yearly Trough Low 273,255 NPR

Transaction Impact: A difference of 13,491.53 NPR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

56.8572

55.3721

JanuMarcMayJulySeptNove

TOP to NPR 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 55.9614, compared to 55.8793 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0821 points.

H1 Avg (Jan–Jun) 55.9614

H2 Avg (Jul–Dec) 55.8793

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 1.5723 NPR (High: 56.2233 / Low: 54.6511). On the other end, September was the most stable month, with a tight range of 0.4836 NPR (High: 55.7781 / Low: 55.2945).

April Spread (Volatile) ±1.5723

September Spread (Stable) ±0.4836

Growth Streaks & Declines

Trends

Between October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.7737 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.7737

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 56.7335) against the same month in 2022 (average: 56.2230), the exchange rate shifted by +0.5104 (+0.91%).

2023 Avg (December) 56.7335

2022 Avg (December) 56.2230

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	56.6925	55.7531	56.1993
February	57.1565	56.0302	56.5430
March	56.3480	55.0920	55.7693
April	56.2233	54.6511	55.6802
May	56.3256	55.2841	55.8099
June	56.0823	55.2861	55.7666
July	56.4654	55.0353	55.9431
August	56.1455	55.2633	55.7110
September	55.7781	55.2945	55.5441
October	55.8816	55.1208	55.4958
November	56.5848	55.1411	55.8485
December	57.3494	56.3388	56.7335