2023 SAR to STD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SAR to STD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SAR to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 18, valuing the pair at 6090.1262. Conversely, the yearly low was recorded on December 17, dropping to 5923.8317.
This high-to-low spread represents a total annual volatility of 166.2945 STD. From a start-to-finish perspective, comparing the January average rate of 6076.2990 to the December average rate of 5940.2172, the exchange rate registered a net change of -2.24% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 6090.1262 was down 3.34% compared to the 2022 peak of 6300.3921, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SAR to STD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 6082.4793, compared to 5961.6424 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 120.8370 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 149.4279 STD (High: 6088.5504 / Low: 5939.1225). On the other end, June was the most stable month, with a tight range of 3.3395 STD (High: 6087.4169 / Low: 6084.0774).
Growth Streaks & Declines
TrendsBetween March and May, 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 July and August, when the average rate fell by 126.4165 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 6083.9165) against the same month in 2022 (average: 5636.0802), the exchange rate shifted by +447.8363 (+7.95%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 6082.7624 | 6068.7576 | 6076.2990 |
| February | 6090.1262 | 6081.4253 | 6083.9165 |
| March | 6082.9764 | 6074.8649 | 6078.5983 |
| April | 6086.1427 | 6081.3702 | 6084.5933 |
| May | 6086.6896 | 6082.7721 | 6085.8022 |
| June | 6087.4169 | 6084.0774 | 6085.6667 |
| July | 6088.5504 | 5939.1225 | 6066.4693 |
| August | 5947.1166 | 5938.6461 | 5940.0529 |
| September | 5947.7182 | 5940.0107 | 5940.8848 |
| October | 5949.8242 | 5936.9893 | 5940.5144 |
| November | 5960.1420 | 5939.3489 | 5941.7156 |
| December | 5946.6864 | 5923.8317 | 5940.2172 |