2023 BGN to SGD Historical Review

YEARLY HIGH

0.7599 SGD

YEARLY LOW

0.7240 SGD

YEARLY AVERAGE

0.7428 SGD

2023 BGN to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 16, valuing the pair at 0.7599. Conversely, the yearly low was recorded on January 5, dropping to 0.7240.

This high-to-low spread represents a total annual volatility of 0.0359 SGD. From a start-to-finish perspective, comparing the January average rate of 0.7303 to the December average rate of 0.7433, the exchange rate registered a net change of 1.78% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7599 was down 3.63% compared to the 2022 peak of 0.7885, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,799 SGD

2022 Average 3,711 SGD

Yearly Trough Low 3,620 SGD

Transaction Impact: A difference of 179.31 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7573

0.7266

JanuMarcMayJulySeptNove

BGN 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 0.7387, compared to 0.7468 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0081 points.

H1 Avg (Jan–Jun) 0.7387

H2 Avg (Jul–Dec) 0.7468

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0194 SGD (High: 0.7564 / Low: 0.7370). On the other end, February was the most stable month, with a tight range of 0.0070 SGD (High: 0.7329 / Low: 0.7259).

June Spread (Volatile) ±0.0194

February Spread (Stable) ±0.0070

Growth Streaks & Declines

Trends

Between February and April, 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 August and September, when the average rate fell by 0.0093 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0093

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: 0.7266), the exchange rate shifted by +0.0282 (+3.88%).

2023 Avg (July) 0.7548

2022 Avg (July) 0.7266

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7345	0.7240	0.7303
February	0.7329	0.7259	0.7292
March	0.7406	0.7297	0.7343
April	0.7547	0.7399	0.7474
May	0.7530	0.7387	0.7445
June	0.7564	0.7370	0.7464
July	0.7599	0.7472	0.7548
August	0.7579	0.7483	0.7535
September	0.7486	0.7374	0.7442
October	0.7455	0.7349	0.7395
November	0.7504	0.7390	0.7457
December	0.7492	0.7376	0.7433