2023 CAD to SYP Historical Review

YEARLY HIGH

1916.0677 SYP

YEARLY LOW

1809.9845 SYP

YEARLY AVERAGE

1861.3298 SYP

2023 CAD to SYP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CAD to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 1916.0677. Conversely, the yearly low was recorded on October 28, dropping to 1809.9845.

This high-to-low spread represents a total annual volatility of 106.0832 SYP. From a start-to-finish perspective, comparing the January average rate of 1872.2643 to the December average rate of 1873.6879, the exchange rate registered a net change of 0.08% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1916.0677 was down 4.84% compared to the 2022 peak of 2013.5466, 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 9,580,339 SYP

2022 Average 9,657,415 SYP

Yearly Trough Low 9,049,923 SYP

Transaction Impact: A difference of 530,415.96 SYP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1905.8179

1825.5548

JanuMarcMayJulySeptNove

CAD to SYP 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 1863.3873, compared to 1859.2723 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 4.1151 points.

H1 Avg (Jan–Jun) 1863.3873

H2 Avg (Jul–Dec) 1859.2723

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 55.9750 SYP (High: 1903.8515 / Low: 1847.8765). On the other end, September was the most stable month, with a tight range of 32.7689 SYP (High: 1868.9761 / Low: 1836.2072).

December Spread (Volatile) ±55.9750

September Spread (Stable) ±32.7689

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 July and August, when the average rate fell by 35.8296 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -35.8296

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 1899.1293) against the same month in 2022 (average: 1943.7218), the exchange rate shifted by -44.5925 (-2.29%).

2023 Avg (July) 1899.1293

2022 Avg (July) 1943.7218

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1888.2571	1837.4977	1872.2643
February	1892.7806	1841.2141	1867.0596
March	1857.9500	1812.8576	1833.9659
April	1883.2144	1836.8461	1858.8862
May	1878.8614	1839.5358	1857.2345
June	1911.0456	1868.1812	1890.9134
July	1916.0677	1879.9045	1899.1293
August	1893.1771	1846.0233	1863.2997
September	1868.9761	1836.2072	1854.2483
October	1851.0076	1809.9845	1832.2434
November	1853.2987	1816.0679	1833.0248
December	1903.8515	1847.8765	1873.6879