2023 BND to SGD Historical Review

YEARLY HIGH

1.0130 SGD

YEARLY LOW

0.9886 SGD

YEARLY AVERAGE

1.0003 SGD

2023 BND to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BND to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 1.0130. Conversely, the yearly low was recorded on January 8, dropping to 0.9886.

This high-to-low spread represents a total annual volatility of 0.0245 SGD. From a start-to-finish perspective, comparing the January average rate of 0.9983 to the December average rate of 0.9993, the exchange rate registered a net change of 0.10% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0130 was up 0.22% compared to the 2022 peak of 1.0108, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,065 SGD

2022 Average 5,000 SGD

Yearly Trough Low 4,943 SGD

Transaction Impact: A difference of 122.26 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0017

0.9980

JanuMarcMayJulySeptNove

BND 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 1.0004, compared to 1.0001 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 1.0004

H2 Avg (Jul–Dec) 1.0001

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0161 SGD (High: 1.0130 / Low: 0.9969). On the other end, September was the most stable month, with a tight range of 0.0066 SGD (High: 1.0036 / Low: 0.9970).

March Spread (Volatile) ±0.0161

September Spread (Stable) ±0.0066

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0006 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 1.0008) against the same month in 2022 (average: 1.0001), the exchange rate shifted by +0.0007 (+0.07%).

2023 Avg (March) 1.0008

2022 Avg (March) 1.0001

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0040	0.9886	0.9983
February	1.0099	0.9944	1.0009
March	1.0130	0.9969	1.0008
April	1.0120	0.9966	1.0014
May	1.0078	0.9968	1.0008
June	1.0055	0.9950	1.0005
July	1.0039	0.9935	1.0004
August	1.0043	0.9954	1.0004
September	1.0036	0.9970	1.0008
October	1.0052	0.9961	1.0001
November	1.0046	0.9917	0.9999
December	1.0029	0.9920	0.9993