2023 BZD to SGD Historical Review

YEARLY HIGH

0.6826 SGD

YEARLY LOW

0.6476 SGD

YEARLY AVERAGE

0.6666 SGD

2023 BZD to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BZD to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 21, valuing the pair at 0.6826. Conversely, the yearly low was recorded on February 1, dropping to 0.6476.

This high-to-low spread represents a total annual volatility of 0.0349 SGD. From a start-to-finish perspective, comparing the January average rate of 0.6572 to the December average rate of 0.6598, 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 0.6826 was down 4.66% compared to the 2022 peak of 0.7160, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,413 SGD

2022 Average 3,420 SGD

Yearly Trough Low 3,238 SGD

Transaction Impact: A difference of 174.68 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6819

0.6549

JanuMarcMayJulySeptNove

BZD 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 0.6633, compared to 0.6698 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0065 points.

H1 Avg (Jan–Jun) 0.6633

H2 Avg (Jul–Dec) 0.6698

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0224 SGD (High: 0.6701 / Low: 0.6476). On the other end, October was the most stable month, with a tight range of 0.0069 SGD (High: 0.6826 / Low: 0.6757).

February Spread (Volatile) ±0.0224

October Spread (Stable) ±0.0069

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 0.0100 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0100

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.6796) against the same month in 2022 (average: 0.7070), the exchange rate shifted by -0.0273 (-3.87%).

2023 Avg (October) 0.6796

2022 Avg (October) 0.7070

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6675	0.6501	0.6572
February	0.6701	0.6476	0.6613
March	0.6750	0.6587	0.6669
April	0.6713	0.6561	0.6615
May	0.6723	0.6567	0.6651
June	0.6748	0.6627	0.6680
July	0.6754	0.6558	0.6631
August	0.6749	0.6619	0.6703
September	0.6804	0.6712	0.6765
October	0.6826	0.6757	0.6796
November	0.6783	0.6604	0.6697
December	0.6661	0.6517	0.6598