2023 GBP to SGD Historical Review

YEARLY HIGH

1.7365 SGD

YEARLY LOW

1.5947 SGD

YEARLY AVERAGE

1.6700 SGD

2023 GBP to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GBP to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 1.7365. Conversely, the yearly low was recorded on February 3, dropping to 1.5947.

This high-to-low spread represents a total annual volatility of 0.1418 SGD. From a start-to-finish perspective, comparing the January average rate of 1.6218 to the December average rate of 1.6863, the exchange rate registered a net change of 3.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.7365 was down 5.94% compared to the 2022 peak of 1.8461, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8,682 SGD

2022 Average 8,518 SGD

Yearly Trough Low 7,974 SGD

Transaction Impact: A difference of 708.78 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.7304

1.5971

JanuMarcMayJulySeptNove

GBP 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 1.6481, compared to 1.6920 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0438 points.

H1 Avg (Jan–Jun) 1.6481

H2 Avg (Jul–Dec) 1.6920

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0479 SGD (High: 1.7112 / Low: 1.6633). On the other end, May was the most stable month, with a tight range of 0.0175 SGD (High: 1.6818 / Low: 1.6643).

September Spread (Volatile) ±0.0479

May Spread (Stable) ±0.0175

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0271 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0271

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 1.7193) against the same month in 2022 (average: 1.6748), the exchange rate shifted by +0.0445 (+2.66%).

2023 Avg (July) 1.7193

2022 Avg (July) 1.6748

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6388	1.6026	1.6218
February	1.6247	1.5947	1.6082
March	1.6449	1.6020	1.6276
April	1.6792	1.6390	1.6578
May	1.6818	1.6643	1.6718
June	1.7207	1.6751	1.7015
July	1.7365	1.7027	1.7193
August	1.7319	1.7050	1.7159
September	1.7112	1.6633	1.6888
October	1.6782	1.6588	1.6660
November	1.6918	1.6620	1.6754
December	1.6965	1.6778	1.6863