2023 BOB to SGD Historical Review

YEARLY HIGH

0.1991 SGD

YEARLY LOW

0.1889 SGD

YEARLY AVERAGE

0.1944 SGD

2023 BOB to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BOB to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 21, valuing the pair at 0.1991. Conversely, the yearly low was recorded on February 1, dropping to 0.1889.

This high-to-low spread represents a total annual volatility of 0.0102 SGD. From a start-to-finish perspective, comparing the January average rate of 0.1917 to the December average rate of 0.1925, the exchange rate registered a net change of 0.40% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1991 was down 4.35% compared to the 2022 peak of 0.2082, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 996 SGD

2022 Average 1,000 SGD

Yearly Trough Low 945 SGD

Transaction Impact: A difference of 51.02 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1989

0.1910

JanuMarcMayJulySeptNove

BOB 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 0.1934, compared to 0.1954 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0020 points.

H1 Avg (Jan–Jun) 0.1934

H2 Avg (Jul–Dec) 0.1954

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0065 SGD (High: 0.1955 / Low: 0.1889). On the other end, October was the most stable month, with a tight range of 0.0020 SGD (High: 0.1991 / Low: 0.1971).

February Spread (Volatile) ±0.0065

October Spread (Stable) ±0.0020

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 0.0029 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0029

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.1983) against the same month in 2022 (average: 0.2060), the exchange rate shifted by -0.0077 (-3.76%).

2023 Avg (October) 0.1983

2022 Avg (October) 0.2060

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1947	0.1896	0.1917
February	0.1955	0.1889	0.1929
March	0.1969	0.1919	0.1943
April	0.1939	0.1914	0.1928
May	0.1961	0.1916	0.1940
June	0.1968	0.1933	0.1949
July	0.1970	0.1913	0.1934
August	0.1969	0.1931	0.1955
September	0.1985	0.1958	0.1974
October	0.1991	0.1971	0.1983
November	0.1979	0.1927	0.1953
December	0.1943	0.1901	0.1925