2023 SCR to SYP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SCR to SYP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SCR to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on September 20, valuing the pair at 197.3805. Conversely, the yearly low was recorded on July 21, dropping to 177.3168.
This high-to-low spread represents a total annual volatility of 20.0637 SYP. From a start-to-finish perspective, comparing the January average rate of 185.6250 to the December average rate of 187.0764, the exchange rate registered a net change of 0.78% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 197.3805 was down 0.50% compared to the 2022 peak of 198.3748, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SCR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SCR 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 185.5916, compared to 188.5018 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.9101 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 16.9952 SYP (High: 194.5939 / Low: 177.5987). On the other end, August was the most stable month, with a tight range of 7.1622 SYP (High: 191.0496 / Low: 183.8874).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 2.7684 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2023: 191.2529) against the same month in 2022 (average: 187.4308), the exchange rate shifted by +3.8221 (+2.04%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 194.5939 | 177.5987 | 185.6250 |
| February | 192.9352 | 177.3657 | 185.5062 |
| March | 193.1416 | 178.4903 | 186.7665 |
| April | 194.5478 | 178.9141 | 186.0448 |
| May | 191.3814 | 178.5800 | 186.1879 |
| June | 191.4276 | 177.4179 | 183.4194 |
| July | 192.9655 | 177.3168 | 188.0659 |
| August | 191.0496 | 183.8874 | 187.8963 |
| September | 197.3805 | 184.4736 | 191.2529 |
| October | 197.1638 | 181.8070 | 188.6000 |
| November | 192.6879 | 183.0498 | 188.1191 |
| December | 194.5984 | 179.7350 | 187.0764 |