2023 KES to SGD Historical Review

YEARLY HIGH

0.0109 SGD

YEARLY LOW

0.0084 SGD

YEARLY AVERAGE

0.0096 SGD

2023 KES to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KES to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.0109. Conversely, the yearly low was recorded on December 31, dropping to 0.0084.

This high-to-low spread represents a total annual volatility of 0.0025 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0107 to the December average rate of 0.0086, the exchange rate registered a net change of -19.34% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0109 was down 9.42% compared to the 2022 peak of 0.0120, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 54 SGD

2022 Average 58 SGD

Yearly Trough Low 42 SGD

Transaction Impact: A difference of 12.51 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0109

0.0084

JanuMarcMayJulySeptNove

KES 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 0.0102, compared to 0.0091 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0010 points.

H1 Avg (Jan–Jun) 0.0102

H2 Avg (Jul–Dec) 0.0091

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0005 SGD (High: 0.0106 / Low: 0.0100). On the other end, September was the most stable month, with a tight range of 0.0002 SGD (High: 0.0094 / Low: 0.0092).

March Spread (Volatile) ±0.0005

September Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0004 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0107) against the same month in 2022 (average: 0.0119), the exchange rate shifted by -0.0012 (-10.28%).

2023 Avg (January) 0.0107

2022 Avg (January) 0.0119

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0109	0.0105	0.0107
February	0.0107	0.0105	0.0106
March	0.0106	0.0100	0.0104
April	0.0101	0.0098	0.0099
May	0.0099	0.0097	0.0098
June	0.0098	0.0096	0.0096
July	0.0098	0.0093	0.0094
August	0.0095	0.0093	0.0094
September	0.0094	0.0092	0.0093
October	0.0093	0.0091	0.0092
November	0.0091	0.0087	0.0089
December	0.0088	0.0084	0.0086