2023 TOP to TWD Historical Review

YEARLY HIGH

13.5274 TWD

YEARLY LOW

12.8223 TWD

YEARLY AVERAGE

13.1838 TWD

2023 TOP to TWD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TOP to TWD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 2, valuing the pair at 13.5274. Conversely, the yearly low was recorded on February 2, dropping to 12.8223.

This high-to-low spread represents a total annual volatility of 0.7051 TWD. From a start-to-finish perspective, comparing the January average rate of 13.0461 to the December average rate of 13.2829, the exchange rate registered a net change of 1.82% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 13.5274 was up 1.30% compared to the 2022 peak of 13.3538, 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 67,637 TWD

2022 Average 63,862 TWD

Yearly Trough Low 64,111 TWD

Transaction Impact: A difference of 3,525.49 TWD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

13.5176

12.9018

JanuMarcMayJulySeptNove

TOP to TWD 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 13.0036, compared to 13.3640 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3603 points.

H1 Avg (Jan–Jun) 13.0036

H2 Avg (Jul–Dec) 13.3640

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.3674 TWD (High: 13.2164 / Low: 12.8489). On the other end, April was the most stable month, with a tight range of 0.1141 TWD (High: 13.0357 / Low: 12.9216).

June Spread (Volatile) ±0.3674

April Spread (Stable) ±0.1141

Growth Streaks & Declines

Trends

Between February and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0979 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0979

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 13.4663) against the same month in 2022 (average: 13.1192), the exchange rate shifted by +0.3471 (+2.65%).

2023 Avg (October) 13.4663

2022 Avg (October) 13.1192

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.1240	12.9501	13.0461
February	13.0399	12.8223	12.9531
March	13.0256	12.8619	12.9536
April	13.0357	12.9216	12.9857
May	13.1259	12.8487	13.0155
June	13.2164	12.8489	13.0678
July	13.3762	13.1124	13.2822
August	13.4578	13.3020	13.3787
September	13.4956	13.3247	13.3930
October	13.5274	13.4022	13.4663
November	13.5242	13.2202	13.3808
December	13.3809	13.1653	13.2829