2023 TOP to XOF Historical Review

YEARLY HIGH

266.0825 XOF

YEARLY LOW

248.0139 XOF

YEARLY AVERAGE

256.6601 XOF

2023 TOP to XOF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TOP to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 266.0825. Conversely, the yearly low was recorded on July 14, dropping to 248.0139.

This high-to-low spread represents a total annual volatility of 18.0686 XOF. From a start-to-finish perspective, comparing the January average rate of 261.0354 to the December average rate of 255.5664, the exchange rate registered a net change of -2.10% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 266.0825 was down 5.79% compared to the 2022 peak of 282.4362, 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 1,330,413 XOF

2022 Average 1,337,637 XOF

Yearly Trough Low 1,240,070 XOF

Transaction Impact: A difference of 90,342.84 XOF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

263.2192

251.6728

JanuMarcMayJulySeptNove

TOP to XOF 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 258.1120, compared to 255.2082 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.9037 points.

H1 Avg (Jan–Jun) 258.1120

H2 Avg (Jul–Dec) 255.2082

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 10.5344 XOF (High: 258.8145 / Low: 248.2801). On the other end, August was the most stable month, with a tight range of 3.3937 XOF (High: 254.4577 / Low: 251.0640).

May Spread (Volatile) ±10.5344

August Spread (Stable) ±3.3937

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 5.9018 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -5.9018

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 261.0354) against the same month in 2022 (average: 254.6270), the exchange rate shifted by +6.4084 (+2.52%).

2023 Avg (January) 261.0354

2022 Avg (January) 254.6270

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	266.0825	258.8953	261.0354
February	264.1717	257.2084	262.2570
March	263.4807	255.4912	259.5709
April	258.2784	249.4238	253.6691
May	258.8145	248.2801	255.6068
June	259.1234	253.6469	256.5326
July	256.7349	248.0139	252.6350
August	254.4577	251.0640	252.8141
September	261.0739	254.7576	256.9088
October	261.9572	255.5531	258.9767
November	257.5895	251.5280	254.3486
December	258.2710	252.9122	255.5664