2023 BWP to SGD Historical Review

YEARLY HIGH

0.1054 SGD

YEARLY LOW

0.0973 SGD

YEARLY AVERAGE

0.1006 SGD

2023 BWP to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BWP to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 0.1054. Conversely, the yearly low was recorded on December 13, dropping to 0.0973.

This high-to-low spread represents a total annual volatility of 0.0081 SGD. From a start-to-finish perspective, comparing the January average rate of 0.1037 to the December average rate of 0.0986, the exchange rate registered a net change of -4.94% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1054 was down 11.19% compared to the 2022 peak of 0.1187, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 527 SGD

2022 Average 558 SGD

Yearly Trough Low 486 SGD

Transaction Impact: A difference of 40.65 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1042

0.0981

JanuMarcMayJulySeptNove

BWP 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 0.1014, compared to 0.0998 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0016 points.

H1 Avg (Jan–Jun) 0.1014

H2 Avg (Jul–Dec) 0.0998

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0036 SGD (High: 0.1014 / Low: 0.0977). On the other end, September was the most stable month, with a tight range of 0.0014 SGD (High: 0.1006 / Low: 0.0992).

June Spread (Volatile) ±0.0036

September Spread (Stable) ±0.0014

Growth Streaks & Declines

Trends

Between May and July, 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 April and May, when the average rate fell by 0.0020 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0020

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1037) against the same month in 2022 (average: 0.1164), the exchange rate shifted by -0.0127 (-10.88%).

2023 Avg (January) 0.1037

2022 Avg (January) 0.1164

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1054	0.1021	0.1037
February	0.1039	0.1011	0.1019
March	0.1025	0.1003	0.1014
April	0.1025	0.1003	0.1015
May	0.1011	0.0980	0.0995
June	0.1014	0.0977	0.1002
July	0.1025	0.0995	0.1008
August	0.1010	0.0995	0.1001
September	0.1006	0.0992	0.0999
October	0.1005	0.0985	0.0997
November	0.1009	0.0984	0.0998
December	0.0997	0.0973	0.0986