2023 CAD to SGD Historical Review

YEARLY HIGH

1.0292 SGD

YEARLY LOW

0.9656 SGD

YEARLY AVERAGE

0.9948 SGD

2023 CAD to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CAD to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 26, valuing the pair at 1.0292. Conversely, the yearly low was recorded on March 25, dropping to 0.9656.

This high-to-low spread represents a total annual volatility of 0.0636 SGD. From a start-to-finish perspective, comparing the January average rate of 0.9871 to the December average rate of 0.9928, the exchange rate registered a net change of 0.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0292 was down 6.12% compared to the 2022 peak of 1.0963, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,146 SGD

2022 Average 5,298 SGD

Yearly Trough Low 4,828 SGD

Transaction Impact: A difference of 317.85 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0167

0.9753

JanuMarcMayJulySeptNove

CAD 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 0.9909, compared to 0.9986 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0077 points.

H1 Avg (Jan–Jun) 0.9909

H2 Avg (Jul–Dec) 0.9986

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0272 SGD (High: 1.0292 / Low: 1.0020). On the other end, August was the most stable month, with a tight range of 0.0118 SGD (High: 1.0073 / Low: 0.9956).

June Spread (Volatile) ±0.0272

August Spread (Stable) ±0.0118

Growth Streaks & Declines

Trends

Between March and June, 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 0.0147 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0147

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 1.0132) against the same month in 2022 (average: 1.0804), the exchange rate shifted by -0.0671 (-6.21%).

2023 Avg (June) 1.0132

2022 Avg (June) 1.0804

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9948	0.9781	0.9871
February	0.9973	0.9834	0.9906
March	0.9910	0.9656	0.9787
April	0.9964	0.9761	0.9854
May	0.9987	0.9757	0.9905
June	1.0292	1.0020	1.0132
July	1.0207	0.9981	1.0091
August	1.0073	0.9956	1.0019
September	1.0169	0.9966	1.0062
October	1.0071	0.9859	0.9983
November	0.9929	0.9745	0.9836
December	1.0026	0.9853	0.9928