2023 SGD to BND Historical Review

YEARLY HIGH

1.0116 BND

YEARLY LOW

0.9871 BND

YEARLY AVERAGE

0.9997 BND

2023 SGD to BND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to BND exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 1.0116. Conversely, the yearly low was recorded on March 18, dropping to 0.9871.

This high-to-low spread represents a total annual volatility of 0.0244 BND. From a start-to-finish perspective, comparing the January average rate of 1.0017 to the December average rate of 1.0007, the exchange rate registered a net change of -0.10% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0116 was down 1.04% compared to the 2022 peak of 1.0222, 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 5,058 BND

2022 Average 5,001 BND

Yearly Trough Low 4,936 BND

Transaction Impact: A difference of 122.08 BND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0020

0.9983

JanuMarcMayJulySeptNove

SGD to BND 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 0.9996, compared to 0.9999 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.9996

H2 Avg (Jul–Dec) 0.9999

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0160 BND (High: 1.0031 / Low: 0.9871). On the other end, September was the most stable month, with a tight range of 0.0066 BND (High: 1.0030 / Low: 0.9964).

March Spread (Volatile) ±0.0160

September Spread (Stable) ±0.0066

Growth Streaks & Declines

Trends

Between April and August, 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 January and February, when the average rate fell by 0.0026 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0026

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.0017) against the same month in 2022 (average: 0.9998), the exchange rate shifted by +0.0019 (+0.19%).

2023 Avg (January) 1.0017

2022 Avg (January) 0.9998

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0116	0.9960	1.0017
February	1.0056	0.9902	0.9991
March	1.0031	0.9871	0.9992
April	1.0034	0.9882	0.9986
May	1.0032	0.9923	0.9992
June	1.0050	0.9945	0.9995
July	1.0066	0.9961	0.9996
August	1.0046	0.9957	0.9996
September	1.0030	0.9964	0.9992
October	1.0039	0.9948	0.9999
November	1.0083	0.9955	1.0001
December	1.0081	0.9971	1.0007