2023 DJF to SGD Historical Review

YEARLY HIGH

0.0077 SGD

YEARLY LOW

0.0073 SGD

YEARLY AVERAGE

0.0076 SGD

2023 DJF to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DJF to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 21, valuing the pair at 0.0077. Conversely, the yearly low was recorded on February 1, dropping to 0.0073.

This high-to-low spread represents a total annual volatility of 0.0004 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0075 to the December average rate of 0.0075, the exchange rate registered a net change of 0.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0077 was down 4.47% compared to the 2022 peak of 0.0081, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 39 SGD

2022 Average 39 SGD

Yearly Trough Low 37 SGD

Transaction Impact: A difference of 1.90 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0077

0.0074

JanuMarcMayJulySeptNove

DJF 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 0.0075, compared to 0.0076 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0075

H2 Avg (Jul–Dec) 0.0076

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0002 SGD (High: 0.0076 / Low: 0.0073). On the other end, October was the most stable month, with a tight range of 0.0001 SGD (High: 0.0077 / Low: 0.0077).

February Spread (Volatile) ±0.0002

October Spread (Stable) ±0.0001

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 November and December, when the average rate fell by 0.0001 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0077) against the same month in 2022 (average: 0.0080), the exchange rate shifted by -0.0003 (-3.87%).

2023 Avg (October) 0.0077

2022 Avg (October) 0.0080

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0076	0.0074	0.0075
February	0.0076	0.0073	0.0075
March	0.0076	0.0075	0.0075
April	0.0076	0.0074	0.0075
May	0.0076	0.0074	0.0075
June	0.0076	0.0075	0.0076
July	0.0076	0.0074	0.0075
August	0.0077	0.0075	0.0076
September	0.0077	0.0076	0.0077
October	0.0077	0.0077	0.0077
November	0.0077	0.0075	0.0076
December	0.0075	0.0074	0.0075