2023 SGD to BIF Historical Review

YEARLY HIGH

2166.3176 BIF

YEARLY LOW

1528.5554 BIF

YEARLY AVERAGE

1894.2274 BIF

2023 SGD to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 2166.3176. Conversely, the yearly low was recorded on March 18, dropping to 1528.5554.

This high-to-low spread represents a total annual volatility of 637.7622 BIF. From a start-to-finish perspective, comparing the January average rate of 1561.9418 to the December average rate of 2141.2757, the exchange rate registered a net change of 37.09% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2166.3176 was up 40.73% compared to the 2022 peak of 1539.3047, 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 10,831,588 BIF

2022 Average 7,407,988 BIF

Yearly Trough Low 7,642,777 BIF

Transaction Impact: A difference of 3,188,811.03 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2200.5582

1489.1683

JanuMarcMayJulySeptNove

SGD to BIF 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 1685.3827, compared to 2103.0721 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 417.6893 points.

H1 Avg (Jan–Jun) 1685.3827

H2 Avg (Jul–Dec) 2103.0721

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 551.9990 BIF (High: 2097.5900 / Low: 1545.5910). On the other end, October was the most stable month, with a tight range of 19.5093 BIF (High: 2084.5556 / Low: 2065.0463).

May Spread (Volatile) ±551.9990

October Spread (Stable) ±19.5093

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 21.7814 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -21.7814

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 2141.2757) against the same month in 2022 (average: 1528.7553), the exchange rate shifted by +612.5204 (+40.07%).

2023 Avg (December) 2141.2757

2022 Avg (December) 1528.7553

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1579.5842	1537.4413	1561.9418
February	1588.7593	1528.8889	1555.2872
March	1566.8820	1528.5554	1548.4508
April	1572.6872	1543.7190	1561.0879
May	2097.5900	1545.5910	1784.0537
June	2119.1435	2082.2734	2101.4750
July	2145.9390	2076.4184	2119.5589
August	2122.5259	2081.1931	2097.7775
September	2096.3887	2067.4338	2080.0988
October	2084.5556	2065.0463	2073.4138
November	2138.9976	2077.0831	2106.3079
December	2166.3176	2121.0413	2141.2757