2023 SCR to SGD Historical Review

YEARLY HIGH

0.1074 SGD

YEARLY LOW

0.0927 SGD

YEARLY AVERAGE

0.1000 SGD

2023 SCR to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SCR to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 26, valuing the pair at 0.1074. Conversely, the yearly low was recorded on February 1, dropping to 0.0927.

This high-to-low spread represents a total annual volatility of 0.0147 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0979 to the December average rate of 0.0991, the exchange rate registered a net change of 1.28% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1074 was down 3.40% compared to the 2022 peak of 0.1112, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 537 SGD

2022 Average 509 SGD

Yearly Trough Low 463 SGD

Transaction Impact: A difference of 73.70 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1044

0.0973

JanuMarcMayJulySeptNove

SCR 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 0.0987, compared to 0.1013 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0026 points.

H1 Avg (Jan–Jun) 0.0987

H2 Avg (Jul–Dec) 0.1013

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0111 SGD (High: 0.1039 / Low: 0.0927). On the other end, August was the most stable month, with a tight range of 0.0029 SGD (High: 0.1024 / Low: 0.0994).

January Spread (Volatile) ±0.0111

August Spread (Stable) ±0.0029

Growth Streaks & Declines

Trends

Between June and September, 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 November and December, when the average rate fell by 0.0018 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0018

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.1028) against the same month in 2022 (average: 0.1067), the exchange rate shifted by -0.0039 (-3.66%).

2023 Avg (October) 0.1028

2022 Avg (October) 0.1067

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1039	0.0927	0.0979
February	0.1036	0.0927	0.0984
March	0.1035	0.0955	0.0997
April	0.1032	0.0944	0.0986
May	0.1029	0.0952	0.0993
June	0.1033	0.0947	0.0983
July	0.1035	0.0939	0.0999
August	0.1024	0.0994	0.1010
September	0.1073	0.1001	0.1038
October	0.1074	0.0989	0.1028
November	0.1041	0.0969	0.1009
December	0.1039	0.0947	0.0991