2023 SBD to SYP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SBD to SYP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SBD to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 2, valuing the pair at 306.5081. Conversely, the yearly low was recorded on October 25, dropping to 295.7143.
This high-to-low spread represents a total annual volatility of 10.7937 SYP. From a start-to-finish perspective, comparing the January average rate of 304.0163 to the December average rate of 297.0794, the exchange rate registered a net change of -2.28% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 306.5081 was down 2.48% compared to the 2022 peak of 314.3043, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SBD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SBD to SYP 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 303.4419, compared to 298.7546 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 4.6873 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 5.7475 SYP (High: 301.5965 / Low: 295.8490). On the other end, August was the most stable month, with a tight range of 1.2346 SYP (High: 300.9539 / Low: 299.7194).
Growth Streaks & Declines
TrendsBetween January and March, 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 March and April, when the average rate fell by 2.3142 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 305.1588) against the same month in 2022 (average: 310.5608), the exchange rate shifted by -5.4020 (-1.74%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 305.8683 | 302.7390 | 304.0163 |
| February | 306.5081 | 303.9331 | 305.1588 |
| March | 306.4463 | 303.9331 | 305.3106 |
| April | 305.2054 | 301.4431 | 302.9963 |
| May | 302.7390 | 301.2314 | 301.7491 |
| June | 301.9852 | 300.7289 | 301.4201 |
| July | 301.5965 | 295.8490 | 300.3453 |
| August | 300.9539 | 299.7194 | 300.2296 |
| September | 300.2000 | 297.2304 | 299.1213 |
| October | 299.6974 | 295.7143 | 297.9350 |
| November | 300.1159 | 295.8384 | 297.8167 |
| December | 298.4410 | 295.9547 | 297.0794 |