2023 GTQ to SGD Historical Review

YEARLY HIGH

0.1755 SGD

YEARLY LOW

0.1663 SGD

YEARLY AVERAGE

0.1715 SGD

2023 GTQ to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GTQ to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 21, valuing the pair at 0.1755. Conversely, the yearly low was recorded on February 1, dropping to 0.1663.

This high-to-low spread represents a total annual volatility of 0.0092 SGD. From a start-to-finish perspective, comparing the January average rate of 0.1688 to the December average rate of 0.1700, the exchange rate registered a net change of 0.71% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1755 was down 4.31% compared to the 2022 peak of 0.1834, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 877 SGD

2022 Average 889 SGD

Yearly Trough Low 832 SGD

Transaction Impact: A difference of 45.96 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1752

0.1682

JanuMarcMayJulySeptNove

GTQ 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 0.1709, compared to 0.1721 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0011 points.

H1 Avg (Jan–Jun) 0.1709

H2 Avg (Jul–Dec) 0.1721

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0066 SGD (High: 0.1729 / Low: 0.1663). On the other end, October was the most stable month, with a tight range of 0.0019 SGD (High: 0.1755 / Low: 0.1735).

February Spread (Volatile) ±0.0066

October Spread (Stable) ±0.0019

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 0.0024 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0024

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.1746) against the same month in 2022 (average: 0.1811), the exchange rate shifted by -0.0065 (-3.58%).

2023 Avg (October) 0.1746

2022 Avg (October) 0.1811

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1714	0.1670	0.1688
February	0.1729	0.1663	0.1702
March	0.1744	0.1703	0.1721
April	0.1734	0.1696	0.1710
May	0.1736	0.1694	0.1717
June	0.1735	0.1705	0.1719
July	0.1735	0.1685	0.1703
August	0.1735	0.1697	0.1720
September	0.1745	0.1719	0.1733
October	0.1755	0.1735	0.1746
November	0.1745	0.1700	0.1724
December	0.1715	0.1679	0.1700