2023 SAR to SGD Historical Review

YEARLY HIGH

0.3662 SGD

YEARLY LOW

0.3479 SGD

YEARLY AVERAGE

0.3580 SGD

2023 SAR to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SAR to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 2, valuing the pair at 0.3662. Conversely, the yearly low was recorded on February 1, dropping to 0.3479.

This high-to-low spread represents a total annual volatility of 0.0183 SGD. From a start-to-finish perspective, comparing the January average rate of 0.3527 to the December average rate of 0.3549, the exchange rate registered a net change of 0.65% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3662 was down 4.31% compared to the 2022 peak of 0.3827, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,831 SGD

2022 Average 1,836 SGD

Yearly Trough Low 1,739 SGD

Transaction Impact: A difference of 91.74 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3662

0.3514

JanuMarcMayJulySeptNove

SAR 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 0.3561, compared to 0.3598 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0038 points.

H1 Avg (Jan–Jun) 0.3561

H2 Avg (Jul–Dec) 0.3598

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0122 SGD (High: 0.3601 / Low: 0.3479). On the other end, October was the most stable month, with a tight range of 0.0029 SGD (High: 0.3662 / Low: 0.3633).

February Spread (Volatile) ±0.0122

October Spread (Stable) ±0.0029

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 0.0054 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0054

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.3650) against the same month in 2022 (average: 0.3788), the exchange rate shifted by -0.0139 (-3.66%).

2023 Avg (October) 0.3650

2022 Avg (October) 0.3788

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3580	0.3494	0.3527
February	0.3601	0.3479	0.3554
March	0.3609	0.3535	0.3571
April	0.3567	0.3525	0.3551
May	0.3613	0.3532	0.3573
June	0.3616	0.3564	0.3590
July	0.3609	0.3520	0.3559
August	0.3627	0.3557	0.3602
September	0.3660	0.3608	0.3635
October	0.3662	0.3633	0.3650
November	0.3642	0.3547	0.3595
December	0.3583	0.3517	0.3549