2023 TOP to UZS Historical Review

YEARLY HIGH

5305.7916 UZS

YEARLY LOW

4752.3072 UZS

YEARLY AVERAGE

4968.3234 UZS

2023 TOP to UZS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TOP to UZS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 5305.7916. Conversely, the yearly low was recorded on March 18, dropping to 4752.3072.

This high-to-low spread represents a total annual volatility of 553.4844 UZS. From a start-to-finish perspective, comparing the January average rate of 4852.4649 to the December average rate of 5257.4292, the exchange rate registered a net change of 8.35% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 5305.7916 was up 3.36% compared to the 2022 peak of 5133.1134, 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 26,528,958 UZS

2022 Average 23,718,779 UZS

Yearly Trough Low 23,761,536 UZS

Transaction Impact: A difference of 2,767,422.00 UZS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

5300.5949

4782.6061

JanuMarcMayJulySeptNove

TOP to UZS 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 4848.3541, compared to 5088.2926 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 239.9385 points.

H1 Avg (Jan–Jun) 4848.3541

H2 Avg (Jul–Dec) 5088.2926

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 225.1776 UZS (High: 5109.0849 / Low: 4883.9073). On the other end, September was the most stable month, with a tight range of 56.3445 UZS (High: 5116.7321 / Low: 5060.3876).

August Spread (Volatile) ±225.1776

September Spread (Stable) ±56.3445

Growth Streaks & Declines

Trends

Between March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 25.4937 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -25.4937

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 5257.4292) against the same month in 2022 (average: 4795.5810), the exchange rate shifted by +461.8482 (+9.63%).

2023 Avg (December) 5257.4292

2022 Avg (December) 4795.5810

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4904.6490	4785.1391	4852.4649
February	4929.8552	4802.2309	4851.2655
March	4869.1316	4752.3072	4825.7718
April	4885.7990	4770.6611	4846.8094
May	4896.9990	4790.0911	4850.5638
June	4911.0969	4789.1440	4863.2493
July	4987.1566	4832.7678	4929.3395
August	5109.0849	4883.9073	5010.5756
September	5116.7321	5060.3876	5088.0137
October	5130.4376	5061.4616	5095.3833
November	5229.0471	5083.6426	5149.0144
December	5305.7916	5211.0950	5257.4292