2023 MYR to SGD Historical Review

YEARLY HIGH

0.3113 SGD

YEARLY LOW

0.2836 SGD

YEARLY AVERAGE

0.2947 SGD

2023 MYR to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MYR to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 6, valuing the pair at 0.3113. Conversely, the yearly low was recorded on December 13, dropping to 0.2836.

This high-to-low spread represents a total annual volatility of 0.0278 SGD. From a start-to-finish perspective, comparing the January average rate of 0.3061 to the December average rate of 0.2859, the exchange rate registered a net change of -6.60% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3113 was down 4.63% compared to the 2022 peak of 0.3264, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 20,000 MYR based on timing:

Yearly Peak High 6,227 SGD

2022 Average 6,273 SGD

Yearly Trough Low 5,672 SGD

Transaction Impact: A difference of 555.10 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3081

0.2838

JanuMarcMayJulySeptNove

MYR 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 0.3000, compared to 0.2895 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0105 points.

H1 Avg (Jan–Jun) 0.3000

H2 Avg (Jul–Dec) 0.2895

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0109 SGD (High: 0.3113 / Low: 0.3005). On the other end, September was the most stable month, with a tight range of 0.0018 SGD (High: 0.2920 / Low: 0.2902).

February Spread (Volatile) ±0.0109

September Spread (Stable) ±0.0018

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 May and June, when the average rate fell by 0.0058 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0058

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.3054) against the same month in 2022 (average: 0.3218), the exchange rate shifted by -0.0163 (-5.07%).

2023 Avg (February) 0.3054

2022 Avg (February) 0.3218

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3098	0.3026	0.3061
February	0.3113	0.3005	0.3054
March	0.3025	0.2982	0.3000
April	0.3025	0.2991	0.3010
May	0.3000	0.2928	0.2966
June	0.2952	0.2884	0.2909
July	0.2943	0.2859	0.2907
August	0.2952	0.2906	0.2931
September	0.2920	0.2902	0.2913
October	0.2912	0.2856	0.2885
November	0.2917	0.2847	0.2874
December	0.2875	0.2836	0.2859