2023 AWG to SGD Historical Review

YEARLY HIGH

0.7631 SGD

YEARLY LOW

0.7252 SGD

YEARLY AVERAGE

0.7457 SGD

2023 AWG to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AWG to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 2, valuing the pair at 0.7631. Conversely, the yearly low was recorded on February 1, dropping to 0.7252.

This high-to-low spread represents a total annual volatility of 0.0379 SGD. From a start-to-finish perspective, comparing the January average rate of 0.7355 to the December average rate of 0.7392, the exchange rate registered a net change of 0.51% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7631 was down 4.42% compared to the 2022 peak of 0.7984, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,815 SGD

2022 Average 3,830 SGD

Yearly Trough Low 3,626 SGD

Transaction Impact: A difference of 189.38 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7626

0.7330

JanuMarcMayJulySeptNove

AWG 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 0.7418, compared to 0.7496 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0078 points.

H1 Avg (Jan–Jun) 0.7418

H2 Avg (Jul–Dec) 0.7496

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0248 SGD (High: 0.7500 / Low: 0.7252). On the other end, October was the most stable month, with a tight range of 0.0071 SGD (High: 0.7631 / Low: 0.7560).

February Spread (Volatile) ±0.0248

October Spread (Stable) ±0.0071

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 November and December, when the average rate fell by 0.0111 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0111

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.7601) against the same month in 2022 (average: 0.7905), the exchange rate shifted by -0.0304 (-3.85%).

2023 Avg (October) 0.7601

2022 Avg (October) 0.7905

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7466	0.7279	0.7355
February	0.7500	0.7252	0.7402
March	0.7525	0.7368	0.7446
April	0.7423	0.7346	0.7394
May	0.7527	0.7357	0.7439
June	0.7535	0.7416	0.7474
July	0.7518	0.7328	0.7409
August	0.7558	0.7415	0.7501
September	0.7627	0.7517	0.7572
October	0.7631	0.7560	0.7601
November	0.7590	0.7390	0.7503
December	0.7456	0.7321	0.7392