2023 TOP to VND Historical Review

YEARLY HIGH

10441.2547 VND

YEARLY LOW

9859.6387 VND

YEARLY AVERAGE

10090.8969 VND

2023 TOP to VND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TOP to VND exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 10441.2547. Conversely, the yearly low was recorded on May 27, dropping to 9859.6387.

This high-to-low spread represents a total annual volatility of 581.6159 VND. From a start-to-finish perspective, comparing the January average rate of 10074.8955 to the December average rate of 10334.4312, the exchange rate registered a net change of 2.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 10441.2547 was down 0.82% compared to the 2022 peak of 10527.4105, 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 52,206,273 VND

2022 Average 50,215,199 VND

Yearly Trough Low 49,298,194 VND

Transaction Impact: A difference of 2,908,079.72 VND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

10373.1212

9908.8419

JanuMarcMayJulySeptNove

TOP to VND 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 10015.3930, compared to 10166.4008 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 151.0077 points.

H1 Avg (Jan–Jun) 10015.3930

H2 Avg (Jul–Dec) 10166.4008

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 233.4651 VND (High: 10185.9767 / Low: 9952.5116). On the other end, October was the most stable month, with a tight range of 93.0860 VND (High: 10260.7991 / Low: 10167.7131).

July Spread (Volatile) ±233.4651

October Spread (Stable) ±93.0860

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 February and March, when the average rate fell by 110.6206 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -110.6206

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 10334.4312) against the same month in 2022 (average: 10138.3584), the exchange rate shifted by +196.0729 (+1.93%).

2023 Avg (December) 10334.4312

2022 Avg (December) 10138.3584

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10158.9733	9965.1650	10074.8955
February	10176.9497	10060.4495	10118.0129
March	10064.6940	9956.7556	10007.3923
April	10015.8646	9906.5451	9973.1360
May	10027.4559	9859.6387	9947.5318
June	10065.0876	9860.6674	9971.3899
July	10185.9767	9952.5116	10076.1766
August	10121.2994	9963.4762	10036.4860
September	10213.7732	10032.7661	10130.6836
October	10260.7991	10167.7131	10212.5688
November	10296.4085	10153.9354	10208.0585
December	10441.2547	10262.2856	10334.4312