YEARLY HIGH
0.8808 SVC
YEARLY LOW
0.7775 SVC
YEARLY AVERAGE
0.8248 SVC

2023 SEK to SVC Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SEK to SVC exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.8808. Conversely, the yearly low was recorded on October 28, dropping to 0.7775.

This high-to-low spread represents a total annual volatility of 0.1033 SVC. From a start-to-finish perspective, comparing the January average rate of 0.8422 to the December average rate of 0.8554, the exchange rate registered a net change of 1.56% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8808 was down 10.12% compared to the 2022 peak of 0.9801, 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 4,404 SVC
2022 Average 4,340 SVC
Yearly Trough Low 3,888 SVC
Transaction Impact: A difference of 516.39 SVC purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8621
0.7820
JanuMarcMayJulySeptNove

SEK to SVC 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 0.8339, compared to 0.8157 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0181 points.

H1 Avg (Jan–Jun) 0.8339
H2 Avg (Jul–Dec) 0.8157

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0640 SVC (High: 0.8476 / Low: 0.7836). On the other end, September was the most stable month, with a tight range of 0.0212 SVC (High: 0.8030 / Low: 0.7818).

November Spread (Volatile) ±0.0640
September Spread (Stable) ±0.0212

Growth Streaks & Declines

Trends

Between September and December, 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 July and August, when the average rate fell by 0.0228 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0228

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.8554) against the same month in 2022 (average: 0.8421), the exchange rate shifted by +0.0133 (+1.58%).

2023 Avg (December) 0.8554
2022 Avg (December) 0.8421

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.8581 0.8192 0.8422
February 0.8484 0.8240 0.8369
March 0.8495 0.8109 0.8315
April 0.8526 0.8301 0.8448
May 0.8623 0.8050 0.8348
June 0.8256 0.8022 0.8130
July 0.8587 0.7987 0.8305
August 0.8281 0.7912 0.8077
September 0.8030 0.7818 0.7887
October 0.8051 0.7775 0.7931
November 0.8476 0.7836 0.8188
December 0.8808 0.8344 0.8554