2023 CNY to SGD Historical Review

YEARLY HIGH

0.1970 SGD

YEARLY LOW

0.1833 SGD

YEARLY AVERAGE

0.1900 SGD

2023 CNY to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CNY to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 15, valuing the pair at 0.1970. Conversely, the yearly low was recorded on July 19, dropping to 0.1833.

This high-to-low spread represents a total annual volatility of 0.0136 SGD. From a start-to-finish perspective, comparing the January average rate of 0.1950 to the December average rate of 0.1870, the exchange rate registered a net change of -4.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1970 was down 8.84% compared to the 2022 peak of 0.2161, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 CNY based on timing:

Yearly Peak High 4,924 SGD

2022 Average 5,128 SGD

Yearly Trough Low 4,583 SGD

Transaction Impact: A difference of 341.16 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1960

0.1848

JanuMarcMayJulySeptNove

CNY 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 0.1930, compared to 0.1869 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0060 points.

H1 Avg (Jan–Jun) 0.1930

H2 Avg (Jul–Dec) 0.1869

Volatility Range Comparison

Volatility

The most volatile month in 2023 was October, with a trading range of 0.0045 SGD (High: 0.1911 / Low: 0.1866). On the other end, April was the most stable month, with a tight range of 0.0017 SGD (High: 0.1942 / Low: 0.1925).

October Spread (Volatile) ±0.0045

April Spread (Stable) ±0.0017

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 May and June, when the average rate fell by 0.0036 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0036

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1950) against the same month in 2022 (average: 0.2125), the exchange rate shifted by -0.0175 (-8.23%).

2023 Avg (January) 0.1950

2022 Avg (January) 0.2125

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1970	0.1934	0.1950
February	0.1956	0.1936	0.1948
March	0.1968	0.1930	0.1945
April	0.1942	0.1925	0.1934
May	0.1934	0.1900	0.1917
June	0.1907	0.1864	0.1882
July	0.1872	0.1833	0.1858
August	0.1883	0.1853	0.1866
September	0.1884	0.1858	0.1869
October	0.1911	0.1866	0.1882
November	0.1891	0.1852	0.1871
December	0.1887	0.1848	0.1870