2023 NAD to SGD Historical Review

YEARLY HIGH

0.0797 SGD

YEARLY LOW

0.0678 SGD

YEARLY AVERAGE

0.0727 SGD

2023 NAD to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NAD to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.0797. Conversely, the yearly low was recorded on October 28, dropping to 0.0678.

This high-to-low spread represents a total annual volatility of 0.0119 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0776 to the December average rate of 0.0713, the exchange rate registered a net change of -8.13% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0797 was down 14.99% compared to the 2022 peak of 0.0937, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 398 SGD

2022 Average 424 SGD

Yearly Trough Low 339 SGD

Transaction Impact: A difference of 59.59 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0783

0.0695

JanuMarcMayJulySeptNove

NAD 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 0.0735, compared to 0.0718 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0016 points.

H1 Avg (Jan–Jun) 0.0735

H2 Avg (Jul–Dec) 0.0718

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0063 SGD (High: 0.0742 / Low: 0.0679). On the other end, March was the most stable month, with a tight range of 0.0018 SGD (High: 0.0744 / Low: 0.0726).

November Spread (Volatile) ±0.0063

March Spread (Stable) ±0.0018

Growth Streaks & Declines

Trends

Between May and July, 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 April and May, when the average rate fell by 0.0030 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0030

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0776) against the same month in 2022 (average: 0.0871), the exchange rate shifted by -0.0096 (-10.99%).

2023 Avg (January) 0.0776

2022 Avg (January) 0.0871

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0797	0.0762	0.0776
February	0.0779	0.0731	0.0746
March	0.0744	0.0726	0.0734
April	0.0752	0.0718	0.0733
May	0.0728	0.0685	0.0702
June	0.0738	0.0683	0.0719
July	0.0755	0.0714	0.0732
August	0.0734	0.0684	0.0717
September	0.0729	0.0709	0.0719
October	0.0730	0.0678	0.0711
November	0.0742	0.0679	0.0719
December	0.0729	0.0696	0.0713