2023 MOP to SGD Historical Review

YEARLY HIGH

0.1708 SGD

YEARLY LOW

0.1616 SGD

YEARLY AVERAGE

0.1666 SGD

2023 MOP to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MOP to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 21, valuing the pair at 0.1708. Conversely, the yearly low was recorded on February 1, dropping to 0.1616.

This high-to-low spread represents a total annual volatility of 0.0091 SGD. From a start-to-finish perspective, comparing the January average rate of 0.1645 to the December average rate of 0.1653, the exchange rate registered a net change of 0.52% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1708 was down 4.07% compared to the 2022 peak of 0.1780, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 854 SGD

2022 Average 855 SGD

Yearly Trough Low 808 SGD

Transaction Impact: A difference of 45.71 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1705

0.1639

JanuMarcMayJulySeptNove

MOP 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 0.1656, compared to 0.1676 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0021 points.

H1 Avg (Jan–Jun) 0.1656

H2 Avg (Jul–Dec) 0.1676

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0055 SGD (High: 0.1671 / Low: 0.1616). On the other end, October was the most stable month, with a tight range of 0.0017 SGD (High: 0.1708 / Low: 0.1691).

February Spread (Volatile) ±0.0055

October Spread (Stable) ±0.0017

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 0.0025 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0025

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.1699) against the same month in 2022 (average: 0.1761), the exchange rate shifted by -0.0062 (-3.51%).

2023 Avg (October) 0.1699

2022 Avg (October) 0.1761

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1672	0.1625	0.1645
February	0.1671	0.1616	0.1649
March	0.1683	0.1642	0.1661
April	0.1673	0.1635	0.1649
May	0.1680	0.1635	0.1660
June	0.1687	0.1657	0.1669
July	0.1687	0.1642	0.1660
August	0.1689	0.1662	0.1676
September	0.1703	0.1674	0.1691
October	0.1708	0.1691	0.1699
November	0.1698	0.1658	0.1679
December	0.1670	0.1632	0.1653