2023 NPR to SGD Historical Review

YEARLY HIGH

0.0104 SGD

YEARLY LOW

0.0099 SGD

YEARLY AVERAGE

0.0102 SGD

2023 NPR to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NPR to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 7, valuing the pair at 0.0104. Conversely, the yearly low was recorded on December 28, dropping to 0.0099.

This high-to-low spread represents a total annual volatility of 0.0005 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0101 to the December average rate of 0.0100, the exchange rate registered a net change of -1.30% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0104 was down 9.45% compared to the 2022 peak of 0.0115, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 52 SGD

2022 Average 55 SGD

Yearly Trough Low 49 SGD

Transaction Impact: A difference of 2.56 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0103

0.0100

JanuMarcMayJulySeptNove

NPR 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 0.0102, compared to 0.0102 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0102

H2 Avg (Jul–Dec) 0.0102

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0004 SGD (High: 0.0104 / Low: 0.0100). On the other end, October was the most stable month, with a tight range of 0.0001 SGD (High: 0.0103 / Low: 0.0102).

July Spread (Volatile) ±0.0004

October Spread (Stable) ±0.0001

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 0.0002 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.0102) against the same month in 2022 (average: 0.0111), the exchange rate shifted by -0.0010 (-8.53%).

2023 Avg (March) 0.0102

2022 Avg (March) 0.0111

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0102	0.0100	0.0101
February	0.0102	0.0100	0.0101
March	0.0104	0.0101	0.0102
April	0.0103	0.0101	0.0102
May	0.0102	0.0101	0.0102
June	0.0104	0.0102	0.0102
July	0.0104	0.0100	0.0102
August	0.0103	0.0101	0.0102
September	0.0103	0.0102	0.0103
October	0.0103	0.0102	0.0103
November	0.0103	0.0100	0.0101
December	0.0101	0.0099	0.0100