2023 SDG to IDR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SDG to IDR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SDG to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on November 20, valuing the pair at 28.1851. Conversely, the yearly low was recorded on April 30, dropping to 24.4706.
This high-to-low spread represents a total annual volatility of 3.7144 IDR. From a start-to-finish perspective, comparing the January average rate of 26.4280 to the December average rate of 25.7619, the exchange rate registered a net change of -2.52% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 28.1851 was down 14.49% compared to the 2022 peak of 32.9600, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SDG based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SDG to IDR 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 25.4581, compared to 25.6719 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2139 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 2.6239 IDR (High: 28.1851 / Low: 25.5612). On the other end, June was the most stable month, with a tight range of 0.3420 IDR (High: 25.0548 / Low: 24.7128).
Growth Streaks & Declines
TrendsBetween May and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 1.0688 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 26.0300) against the same month in 2022 (average: 27.4995), the exchange rate shifted by -1.4695 (-5.34%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 27.2759 | 25.7167 | 26.4280 |
| February | 26.0530 | 25.5277 | 25.8979 |
| March | 26.8324 | 25.1363 | 25.9454 |
| April | 26.0978 | 24.4706 | 24.8766 |
| May | 24.9927 | 24.4821 | 24.7397 |
| June | 25.0548 | 24.7128 | 24.8608 |
| July | 25.3062 | 24.8676 | 25.0542 |
| August | 25.5752 | 25.1689 | 25.3873 |
| September | 25.9168 | 25.3268 | 25.5716 |
| October | 26.5096 | 25.6949 | 26.2266 |
| November | 28.1851 | 25.5612 | 26.0300 |
| December | 26.0472 | 25.5574 | 25.7619 |