2023 EUR to SGD Historical Review

YEARLY HIGH

1.4866 SGD

YEARLY LOW

1.4157 SGD

YEARLY AVERAGE

1.4533 SGD

2023 EUR to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EUR to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 5, valuing the pair at 1.4866. Conversely, the yearly low was recorded on January 5, dropping to 1.4157.

This high-to-low spread represents a total annual volatility of 0.0709 SGD. From a start-to-finish perspective, comparing the January average rate of 1.4289 to the December average rate of 1.4542, the exchange rate registered a net change of 1.77% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.4866 was down 3.61% compared to the 2022 peak of 1.5423, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 7,433 SGD

2022 Average 7,259 SGD

Yearly Trough Low 7,078 SGD

Transaction Impact: A difference of 354.72 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.4812

1.4217

JanuMarcMayJulySeptNove

EUR 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 1.4456, compared to 1.4609 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0153 points.

H1 Avg (Jan–Jun) 1.4456

H2 Avg (Jul–Dec) 1.4609

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0447 SGD (High: 1.4860 / Low: 1.4413). On the other end, February was the most stable month, with a tight range of 0.0175 SGD (High: 1.4376 / Low: 1.4201).

April Spread (Volatile) ±0.0447

February Spread (Stable) ±0.0175

Growth Streaks & Declines

Trends

Between February and April, 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 August and September, when the average rate fell by 0.0181 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0181

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 1.4578) against the same month in 2022 (average: 1.4613), the exchange rate shifted by -0.0035 (-0.24%).

2023 Avg (May) 1.4578

2022 Avg (May) 1.4613

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.4370	1.4157	1.4289
February	1.4376	1.4201	1.4266
March	1.4481	1.4276	1.4367
April	1.4860	1.4413	1.4637
May	1.4866	1.4452	1.4578
June	1.4788	1.4417	1.4600
July	1.4856	1.4612	1.4762
August	1.4821	1.4636	1.4739
September	1.4632	1.4423	1.4559
October	1.4584	1.4380	1.4464
November	1.4678	1.4465	1.4588
December	1.4660	1.4441	1.4542