2023 TOP to THB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 TOP to THB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the TOP to THB exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 15.5142. Conversely, the yearly low was recorded on January 21, dropping to 14.0174.
This high-to-low spread represents a total annual volatility of 1.4968 THB. From a start-to-finish perspective, comparing the January average rate of 14.2543 to the December average rate of 14.8534, the exchange rate registered a net change of 4.20% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 15.5142 was down 1.50% compared to the 2022 peak of 15.7506, 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 THB 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 14.5364, compared to 14.8988 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3625 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 0.7946 THB (High: 14.9318 / Low: 14.1372). On the other end, April was the most stable month, with a tight range of 0.2799 THB (High: 14.6531 / Low: 14.3733).
Growth Streaks & Declines
TrendsBetween January and March, 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 October and November, when the average rate fell by 0.3560 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2023: 15.2202) against the same month in 2022 (average: 15.5722), the exchange rate shifted by -0.3520 (-2.26%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 14.7785 | 14.0174 | 14.2543 |
| February | 14.9318 | 14.1372 | 14.5772 |
| March | 14.8740 | 14.2890 | 14.5908 |
| April | 14.6531 | 14.3733 | 14.5226 |
| May | 14.7065 | 14.2318 | 14.4878 |
| June | 15.1112 | 14.5230 | 14.7856 |
| July | 14.9628 | 14.5353 | 14.7453 |
| August | 14.8850 | 14.5892 | 14.7344 |
| September | 15.3346 | 14.6952 | 14.9756 |
| October | 15.5142 | 14.9229 | 15.2202 |
| November | 15.0792 | 14.6216 | 14.8642 |
| December | 15.1037 | 14.6732 | 14.8534 |