2023 TOP to SAR Historical Review

YEARLY HIGH

1.6250 SAR

YEARLY LOW

1.5562 SAR

YEARLY AVERAGE

1.5885 SAR

2023 TOP to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TOP to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 30, valuing the pair at 1.6250. Conversely, the yearly low was recorded on October 29, dropping to 1.5562.

This high-to-low spread represents a total annual volatility of 0.0687 SAR. From a start-to-finish perspective, comparing the January average rate of 1.6125 to the December average rate of 1.5963, the exchange rate registered a net change of -1.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.6250 was down 2.64% compared to the 2022 peak of 1.6691, 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 8,125 SAR

2022 Average 8,059 SAR

Yearly Trough Low 7,781 SAR

Transaction Impact: A difference of 343.64 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.6173

1.5598

JanuMarcMayJulySeptNove

TOP to SAR 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 1.5973, compared to 1.5796 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0178 points.

H1 Avg (Jan–Jun) 1.5973

H2 Avg (Jul–Dec) 1.5796

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0341 SAR (High: 1.6231 / Low: 1.5891). On the other end, September was the most stable month, with a tight range of 0.0093 SAR (High: 1.5734 / Low: 1.5641).

February Spread (Volatile) ±0.0341

September Spread (Stable) ±0.0093

Growth Streaks & Declines

Trends

Between May and July, 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 July and August, when the average rate fell by 0.0201 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0201

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.6125) against the same month in 2022 (average: 1.6492), the exchange rate shifted by -0.0367 (-2.22%).

2023 Avg (January) 1.6125

2022 Avg (January) 1.6492

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6250	1.5971	1.6125
February	1.6231	1.5891	1.6052
March	1.6013	1.5811	1.5920
April	1.6009	1.5842	1.5940
May	1.6022	1.5749	1.5899
June	1.6042	1.5748	1.5905
July	1.6163	1.5833	1.5974
August	1.5963	1.5673	1.5773
September	1.5734	1.5641	1.5686
October	1.5742	1.5562	1.5646
November	1.5916	1.5595	1.5734
December	1.6098	1.5860	1.5963