2023 AED to SGD Historical Review

YEARLY HIGH

0.3740 SGD

YEARLY LOW

0.3554 SGD

YEARLY AVERAGE

0.3656 SGD

2023 AED to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AED to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 2, valuing the pair at 0.3740. Conversely, the yearly low was recorded on February 1, dropping to 0.3554.

This high-to-low spread represents a total annual volatility of 0.0186 SGD. From a start-to-finish perspective, comparing the January average rate of 0.3607 to the December average rate of 0.3625, the exchange rate registered a net change of 0.52% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3740 was down 4.53% compared to the 2022 peak of 0.3917, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,870 SGD

2022 Average 1,877 SGD

Yearly Trough Low 1,777 SGD

Transaction Impact: A difference of 92.79 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3739

0.3594

JanuMarcMayJulySeptNove

AED to SGD 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 0.3638, compared to 0.3675 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0037 points.

H1 Avg (Jan–Jun) 0.3638

H2 Avg (Jul–Dec) 0.3675

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0121 SGD (High: 0.3675 / Low: 0.3554). On the other end, October was the most stable month, with a tight range of 0.0030 SGD (High: 0.3740 / Low: 0.3710).

February Spread (Volatile) ±0.0121

October Spread (Stable) ±0.0030

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 October and November, when the average rate fell by 0.0056 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0056

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.3727) against the same month in 2022 (average: 0.3876), the exchange rate shifted by -0.0149 (-3.85%).

2023 Avg (October) 0.3727

2022 Avg (October) 0.3876

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3664	0.3571	0.3607
February	0.3675	0.3554	0.3629
March	0.3688	0.3615	0.3651
April	0.3643	0.3600	0.3627
May	0.3689	0.3607	0.3649
June	0.3693	0.3639	0.3666
July	0.3684	0.3596	0.3635
August	0.3704	0.3634	0.3678
September	0.3738	0.3684	0.3712
October	0.3740	0.3710	0.3727
November	0.3720	0.3622	0.3671
December	0.3659	0.3593	0.3625