2023 MDL to SGD Historical Review

YEARLY HIGH

0.0776 SGD

YEARLY LOW

0.0691 SGD

YEARLY AVERAGE

0.0742 SGD

2023 MDL to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MDL to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 15, valuing the pair at 0.0776. Conversely, the yearly low was recorded on January 12, dropping to 0.0691.

This high-to-low spread represents a total annual volatility of 0.0085 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0698 to the December average rate of 0.0756, the exchange rate registered a net change of 8.42% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0776 was up 1.84% compared to the 2022 peak of 0.0762, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 388 SGD

2022 Average 365 SGD

Yearly Trough Low 346 SGD

Transaction Impact: A difference of 42.42 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0771

0.0691

JanuMarcMayJulySeptNove

MDL 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 0.0729, compared to 0.0756 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0027 points.

H1 Avg (Jan–Jun) 0.0729

H2 Avg (Jul–Dec) 0.0756

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0038 SGD (High: 0.0770 / Low: 0.0731). On the other end, January was the most stable month, with a tight range of 0.0011 SGD (High: 0.0703 / Low: 0.0691).

July Spread (Volatile) ±0.0038

January Spread (Stable) ±0.0011

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0006 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.0764) against the same month in 2022 (average: 0.0719), the exchange rate shifted by +0.0045 (+6.29%).

2023 Avg (August) 0.0764

2022 Avg (August) 0.0719

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0703	0.0691	0.0698
February	0.0718	0.0695	0.0710
March	0.0728	0.0711	0.0721
April	0.0748	0.0725	0.0738
May	0.0764	0.0743	0.0754
June	0.0761	0.0739	0.0752
July	0.0770	0.0731	0.0746
August	0.0776	0.0752	0.0764
September	0.0765	0.0747	0.0759
October	0.0761	0.0748	0.0755
November	0.0764	0.0749	0.0755
December	0.0763	0.0747	0.0756