2023 BAM to SGD Historical Review

YEARLY HIGH

0.7623 SGD

YEARLY LOW

0.7150 SGD

YEARLY AVERAGE

0.7428 SGD

2023 BAM to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BAM to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 21, valuing the pair at 0.7623. Conversely, the yearly low was recorded on January 8, dropping to 0.7150.

This high-to-low spread represents a total annual volatility of 0.0473 SGD. From a start-to-finish perspective, comparing the January average rate of 0.7288 to the December average rate of 0.7430, the exchange rate registered a net change of 1.95% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7623 was down 3.50% compared to the 2022 peak of 0.7899, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,812 SGD

2022 Average 3,712 SGD

Yearly Trough Low 3,575 SGD

Transaction Impact: A difference of 236.54 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7574

0.7262

JanuMarcMayJulySeptNove

BAM 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 0.7386, compared to 0.7470 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0084 points.

H1 Avg (Jan–Jun) 0.7386

H2 Avg (Jul–Dec) 0.7470

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0227 SGD (High: 0.7599 / Low: 0.7372). On the other end, May was the most stable month, with a tight range of 0.0109 SGD (High: 0.7523 / Low: 0.7414).

April Spread (Volatile) ±0.0227

May Spread (Stable) ±0.0109

Growth Streaks & Declines

Trends

Between January and April, 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 August and September, when the average rate fell by 0.0084 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0084

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.7548) against the same month in 2022 (average: 0.7273), the exchange rate shifted by +0.0275 (+3.79%).

2023 Avg (July) 0.7548

2022 Avg (July) 0.7273

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7332	0.7150	0.7288
February	0.7397	0.7247	0.7302
March	0.7412	0.7293	0.7339
April	0.7599	0.7372	0.7474
May	0.7523	0.7414	0.7451
June	0.7579	0.7366	0.7460
July	0.7623	0.7491	0.7548
August	0.7610	0.7461	0.7539
September	0.7504	0.7361	0.7455
October	0.7463	0.7345	0.7397
November	0.7505	0.7366	0.7450
December	0.7479	0.7348	0.7430