2023 BBD to SGD Historical Review

YEARLY HIGH

0.6868 SGD

YEARLY LOW

0.6527 SGD

YEARLY AVERAGE

0.6715 SGD

2023 BBD to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BBD to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 2, valuing the pair at 0.6868. Conversely, the yearly low was recorded on February 1, dropping to 0.6527.

This high-to-low spread represents a total annual volatility of 0.0341 SGD. From a start-to-finish perspective, comparing the January average rate of 0.6623 to the December average rate of 0.6657, 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 0.6868 was down 4.53% compared to the 2022 peak of 0.7194, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,434 SGD

2022 Average 3,447 SGD

Yearly Trough Low 3,263 SGD

Transaction Impact: A difference of 170.44 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6867

0.6601

JanuMarcMayJulySeptNove

BBD 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 0.6681, compared to 0.6748 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0067 points.

H1 Avg (Jan–Jun) 0.6681

H2 Avg (Jul–Dec) 0.6748

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0223 SGD (High: 0.6750 / Low: 0.6527). On the other end, October was the most stable month, with a tight range of 0.0054 SGD (High: 0.6868 / Low: 0.6813).

February Spread (Volatile) ±0.0223

October Spread (Stable) ±0.0054

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 0.0103 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0103

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.6845) against the same month in 2022 (average: 0.7119), the exchange rate shifted by -0.0274 (-3.85%).

2023 Avg (October) 0.6845

2022 Avg (October) 0.7119

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6728	0.6558	0.6623
February	0.6750	0.6527	0.6666
March	0.6773	0.6640	0.6705
April	0.6690	0.6611	0.6660
May	0.6774	0.6623	0.6700
June	0.6782	0.6684	0.6732
July	0.6767	0.6604	0.6675
August	0.6802	0.6674	0.6755
September	0.6865	0.6765	0.6817
October	0.6868	0.6813	0.6845
November	0.6832	0.6651	0.6741
December	0.6720	0.6598	0.6657