2023 TWD to TOP Historical Review

YEARLY HIGH

0.0780 TOP

YEARLY LOW

0.0739 TOP

YEARLY AVERAGE

0.0759 TOP

2023 TWD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TWD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 2, valuing the pair at 0.0780. Conversely, the yearly low was recorded on October 2, dropping to 0.0739.

This high-to-low spread represents a total annual volatility of 0.0041 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0767 to the December average rate of 0.0753, the exchange rate registered a net change of -1.78% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0780 was down 5.80% compared to the 2022 peak of 0.0828, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 TWD based on timing:

Yearly Peak High 390 TOP

2022 Average 392 TOP

Yearly Trough Low 370 TOP

Transaction Impact: A difference of 20.33 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0775

0.0740

JanuMarcMayJulySeptNove

TWD to TOP 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 0.0769, compared to 0.0748 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0021 points.

H1 Avg (Jan–Jun) 0.0769

H2 Avg (Jul–Dec) 0.0748

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0022 TOP (High: 0.0778 / Low: 0.0757). On the other end, April was the most stable month, with a tight range of 0.0007 TOP (High: 0.0774 / Low: 0.0767).

June Spread (Volatile) ±0.0022

April Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between October and December, 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 June and July, when the average rate fell by 0.0012 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.0772) against the same month in 2022 (average: 0.0814), the exchange rate shifted by -0.0042 (-5.11%).

2023 Avg (February) 0.0772

2022 Avg (February) 0.0814

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0772	0.0762	0.0767
February	0.0780	0.0767	0.0772
March	0.0777	0.0768	0.0772
April	0.0774	0.0767	0.0770
May	0.0778	0.0762	0.0768
June	0.0778	0.0757	0.0765
July	0.0763	0.0748	0.0753
August	0.0752	0.0743	0.0747
September	0.0750	0.0741	0.0747
October	0.0746	0.0739	0.0743
November	0.0756	0.0739	0.0747
December	0.0760	0.0747	0.0753