2023 SGD to BBD Historical Review

YEARLY HIGH

1.5321 BBD

YEARLY LOW

1.4561 BBD

YEARLY AVERAGE

1.4895 BBD

2023 SGD to BBD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to BBD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 1.5321. Conversely, the yearly low was recorded on October 2, dropping to 1.4561.

This high-to-low spread represents a total annual volatility of 0.0761 BBD. From a start-to-finish perspective, comparing the January average rate of 1.5099 to the December average rate of 1.5023, the exchange rate registered a net change of -0.51% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.5321 was up 2.70% compared to the 2022 peak of 1.4919, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 7,661 BBD

2022 Average 7,256 BBD

Yearly Trough Low 7,280 BBD

Transaction Impact: A difference of 380.25 BBD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.5148

1.4561

JanuMarcMayJulySeptNove

SGD to BBD 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 1.4969, compared to 1.4821 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0149 points.

H1 Avg (Jan–Jun) 1.4969

H2 Avg (Jul–Dec) 1.4821

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0507 BBD (High: 1.5321 / Low: 1.4815). On the other end, October was the most stable month, with a tight range of 0.0116 BBD (High: 1.4677 / Low: 1.4561).

February Spread (Volatile) ±0.0507

October Spread (Stable) ±0.0116

Growth Streaks & Declines

Trends

Between October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0178 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0178

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 1.5004) against the same month in 2022 (average: 1.4843), the exchange rate shifted by +0.0160 (+1.08%).

2023 Avg (February) 1.5004

2022 Avg (February) 1.4843

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.5249	1.4862	1.5099
February	1.5321	1.4815	1.5004
March	1.5061	1.4765	1.4916
April	1.5126	1.4949	1.5015
May	1.5098	1.4762	1.4926
June	1.4962	1.4746	1.4855
July	1.5141	1.4779	1.4982
August	1.4984	1.4702	1.4804
September	1.4782	1.4568	1.4670
October	1.4677	1.4561	1.4610
November	1.5035	1.4637	1.4835
December	1.5157	1.4882	1.5023