2023 GMD to SGD Historical Review

YEARLY HIGH

0.0228 SGD

YEARLY LOW

0.0196 SGD

YEARLY AVERAGE

0.0216 SGD

2023 GMD to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GMD to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 29, valuing the pair at 0.0228. Conversely, the yearly low was recorded on December 27, dropping to 0.0196.

This high-to-low spread represents a total annual volatility of 0.0032 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0214 to the December average rate of 0.0198, the exchange rate registered a net change of -7.44% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0228 was down 13.22% compared to the 2022 peak of 0.0262, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 114 SGD

2022 Average 125 SGD

Yearly Trough Low 98 SGD

Transaction Impact: A difference of 15.90 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0229

0.0195

JanuMarcMayJulySeptNove

GMD 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 0.0219, compared to 0.0213 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.0219

H2 Avg (Jul–Dec) 0.0213

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0015 SGD (High: 0.0226 / Low: 0.0210). On the other end, June was the most stable month, with a tight range of 0.0003 SGD (High: 0.0228 / Low: 0.0225).

September Spread (Volatile) ±0.0015

June Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between January and March, 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 September and October, when the average rate fell by 0.0012 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.0226) against the same month in 2022 (average: 0.0256), the exchange rate shifted by -0.0030 (-11.58%).

2023 Avg (June) 0.0226

2022 Avg (June) 0.0256

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0217	0.0211	0.0214
February	0.0221	0.0212	0.0218
March	0.0221	0.0214	0.0218
April	0.0223	0.0212	0.0215
May	0.0228	0.0220	0.0224
June	0.0228	0.0225	0.0226
July	0.0227	0.0221	0.0224
August	0.0225	0.0221	0.0223
September	0.0226	0.0210	0.0221
October	0.0212	0.0207	0.0209
November	0.0210	0.0198	0.0202
December	0.0199	0.0196	0.0198