2023 LRD to SGD Historical Review

YEARLY HIGH

0.0088 SGD

YEARLY LOW

0.0070 SGD

YEARLY AVERAGE

0.0077 SGD

2023 LRD to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the LRD to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 24, valuing the pair at 0.0088. Conversely, the yearly low was recorded on December 31, dropping to 0.0070.

This high-to-low spread represents a total annual volatility of 0.0018 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0085 to the December average rate of 0.0071, the exchange rate registered a net change of -17.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0088 was down 6.34% compared to the 2022 peak of 0.0094, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 44 SGD

2022 Average 45 SGD

Yearly Trough Low 35 SGD

Transaction Impact: A difference of 8.89 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0087

0.0069

JanuMarcMayJulySeptNove

LRD 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 0.0082, compared to 0.0072 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) 0.0082

H2 Avg (Jul–Dec) 0.0072

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0005 SGD (High: 0.0087 / Low: 0.0082). On the other end, October was the most stable month, with a tight range of 0.0001 SGD (High: 0.0074 / Low: 0.0073).

March Spread (Volatile) ±0.0005

October Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between August and October, 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 June and July, when the average rate fell by 0.0004 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.0085) against the same month in 2022 (average: 0.0088), the exchange rate shifted by -0.0002 (-2.81%).

2023 Avg (February) 0.0085

2022 Avg (February) 0.0088

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0087	0.0084	0.0085
February	0.0088	0.0083	0.0085
March	0.0087	0.0082	0.0084
April	0.0082	0.0081	0.0082
May	0.0081	0.0080	0.0080
June	0.0080	0.0075	0.0077
July	0.0075	0.0071	0.0073
August	0.0073	0.0072	0.0073
September	0.0074	0.0073	0.0073
October	0.0074	0.0073	0.0073
November	0.0073	0.0071	0.0072
December	0.0071	0.0070	0.0071