2023 SEK to SGD Historical Review

YEARLY HIGH

0.1327 SGD

YEARLY LOW

0.1219 SGD

YEARLY AVERAGE

0.1266 SGD

2023 SEK to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SEK to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 0.1327. Conversely, the yearly low was recorded on October 28, dropping to 0.1219.

This high-to-low spread represents a total annual volatility of 0.0108 SGD. From a start-to-finish perspective, comparing the January average rate of 0.1275 to the December average rate of 0.1300, the exchange rate registered a net change of 1.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1327 was down 11.93% compared to the 2022 peak of 0.1507, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 664 SGD

2022 Average 683 SGD

Yearly Trough Low 609 SGD

Transaction Impact: A difference of 54.22 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1307

0.1222

JanuMarcMayJulySeptNove

SEK 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 0.1274, compared to 0.1258 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0016 points.

H1 Avg (Jan–Jun) 0.1274

H2 Avg (Jul–Dec) 0.1258

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0065 SGD (High: 0.1290 / Low: 0.1224). On the other end, June was the most stable month, with a tight range of 0.0028 SGD (High: 0.1262 / Low: 0.1235).

November Spread (Volatile) ±0.0065

June Spread (Stable) ±0.0028

Growth Streaks & Declines

Trends

Between January and April, 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 May and June, when the average rate fell by 0.0028 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0028

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.1300) against the same month in 2022 (average: 0.1301), the exchange rate shifted by -0.0001 (-0.07%).

2023 Avg (December) 0.1300

2022 Avg (December) 0.1301

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1293	0.1259	0.1275
February	0.1297	0.1251	0.1275
March	0.1293	0.1251	0.1276
April	0.1301	0.1267	0.1287
May	0.1307	0.1243	0.1279
June	0.1262	0.1235	0.1251
July	0.1297	0.1236	0.1268
August	0.1266	0.1227	0.1247
September	0.1251	0.1219	0.1229
October	0.1254	0.1219	0.1242
November	0.1290	0.1224	0.1263
December	0.1327	0.1278	0.1300