2023 TOP to SYP Historical Review

YEARLY HIGH

1087.4809 SYP

YEARLY LOW

1042.2927 SYP

YEARLY AVERAGE

1063.8289 SYP

2023 TOP to SYP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TOP to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 30, valuing the pair at 1087.4809. Conversely, the yearly low was recorded on October 29, dropping to 1042.2927.

This high-to-low spread represents a total annual volatility of 45.1882 SYP. From a start-to-finish perspective, comparing the January average rate of 1078.5821 to the December average rate of 1069.2443, the exchange rate registered a net change of -0.87% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1087.4809 was down 2.70% compared to the 2022 peak of 1117.6595, 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 5,437,404 SYP

2022 Average 5,392,237 SYP

Yearly Trough Low 5,211,464 SYP

Transaction Impact: A difference of 225,940.85 SYP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1081.6336

1045.0156

JanuMarcMayJulySeptNove

TOP to SYP 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 1069.5339, compared to 1058.1239 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 11.4100 points.

H1 Avg (Jan–Jun) 1069.5339

H2 Avg (Jul–Dec) 1058.1239

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 22.9046 SYP (High: 1086.7579 / Low: 1063.8533). On the other end, September was the most stable month, with a tight range of 6.1644 SYP (High: 1053.9193 / Low: 1047.7550).

February Spread (Volatile) ±22.9046

September Spread (Stable) ±6.1644

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 13.5547 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -13.5547

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1078.5821) against the same month in 2022 (average: 1103.9647), the exchange rate shifted by -25.3826 (-2.30%).

2023 Avg (January) 1078.5821

2022 Avg (January) 1103.9647

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1087.4809	1067.3758	1078.5821
February	1086.7579	1063.8533	1075.0537
March	1071.1499	1058.0722	1065.2725
April	1072.4132	1061.0888	1067.6636
May	1073.4023	1055.0527	1065.1147
June	1074.7752	1055.0527	1065.5169
July	1082.4375	1060.5867	1070.0296
August	1068.9925	1050.1399	1056.4749
September	1053.9193	1047.7550	1050.7774
October	1054.4249	1042.2927	1048.0671
November	1065.9747	1044.4986	1054.1503
December	1078.0462	1062.2099	1069.2443