2023 MVR to SGD Historical Review

YEARLY HIGH

0.0895 SGD

YEARLY LOW

0.0850 SGD

YEARLY AVERAGE

0.0874 SGD

2023 MVR to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MVR to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 2, valuing the pair at 0.0895. Conversely, the yearly low was recorded on February 1, dropping to 0.0850.

This high-to-low spread represents a total annual volatility of 0.0045 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0861 to the December average rate of 0.0866, the exchange rate registered a net change of 0.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0895 was down 3.85% compared to the 2022 peak of 0.0931, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 447 SGD

2022 Average 447 SGD

Yearly Trough Low 425 SGD

Transaction Impact: A difference of 22.48 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0892

0.0858

JanuMarcMayJulySeptNove

MVR 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 0.0870, compared to 0.0877 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0008 points.

H1 Avg (Jan–Jun) 0.0870

H2 Avg (Jul–Dec) 0.0877

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0030 SGD (High: 0.0879 / Low: 0.0850). On the other end, September was the most stable month, with a tight range of 0.0010 SGD (High: 0.0889 / Low: 0.0879).

February Spread (Volatile) ±0.0030

September Spread (Stable) ±0.0010

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 October and November, when the average rate fell by 0.0012 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0890) against the same month in 2022 (average: 0.0922), the exchange rate shifted by -0.0033 (-3.53%).

2023 Avg (October) 0.0890

2022 Avg (October) 0.0922

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0873	0.0854	0.0861
February	0.0879	0.0850	0.0868
March	0.0882	0.0861	0.0872
April	0.0872	0.0861	0.0867
May	0.0885	0.0862	0.0873
June	0.0886	0.0871	0.0877
July	0.0884	0.0857	0.0868
August	0.0885	0.0869	0.0879
September	0.0889	0.0879	0.0884
October	0.0895	0.0884	0.0890
November	0.0891	0.0866	0.0878
December	0.0874	0.0857	0.0866