2023 HUF to SGD Historical Review

YEARLY HIGH

0.0040 SGD

YEARLY LOW

0.0035 SGD

YEARLY AVERAGE

0.0038 SGD

2023 HUF to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HUF to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 26, valuing the pair at 0.0040. Conversely, the yearly low was recorded on January 3, dropping to 0.0035.

This high-to-low spread represents a total annual volatility of 0.0005 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0036 to the December average rate of 0.0038, the exchange rate registered a net change of 5.23% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0040 was down 8.32% compared to the 2022 peak of 0.0044, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 HUF based on timing:

Yearly Peak High 4,001 SGD

2022 Average 3,727 SGD

Yearly Trough Low 3,545 SGD

Transaction Impact: A difference of 455.33 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0040

0.0036

JanuMarcMayJulySeptNove

HUF 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 0.0038, compared to 0.0038 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0038

H2 Avg (Jul–Dec) 0.0038

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0002 SGD (High: 0.0038 / Low: 0.0036). On the other end, December was the most stable month, with a tight range of 0.0001 SGD (High: 0.0038 / Low: 0.0038).

March Spread (Volatile) ±0.0002

December Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between January and June, 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 July and August, when the average rate fell by 0.0001 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.0039) against the same month in 2022 (average: 0.0037), the exchange rate shifted by +0.0003 (+6.83%).

2023 Avg (June) 0.0039

2022 Avg (June) 0.0037

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0037	0.0035	0.0036
February	0.0038	0.0036	0.0037
March	0.0038	0.0036	0.0037
April	0.0039	0.0038	0.0039
May	0.0040	0.0039	0.0039
June	0.0040	0.0039	0.0039
July	0.0040	0.0038	0.0039
August	0.0039	0.0037	0.0038
September	0.0038	0.0037	0.0038
October	0.0038	0.0037	0.0038
November	0.0039	0.0038	0.0038
December	0.0038	0.0038	0.0038