2023 SGD to BTN Historical Review

YEARLY HIGH

63.3322 BTN

YEARLY LOW

60.2087 BTN

YEARLY AVERAGE

61.4750 BTN

2023 SGD to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 63.3322. Conversely, the yearly low was recorded on March 7, dropping to 60.2087.

This high-to-low spread represents a total annual volatility of 3.1235 BTN. From a start-to-finish perspective, comparing the January average rate of 61.7705 to the December average rate of 62.5852, the exchange rate registered a net change of 1.32% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 63.3322 was up 2.81% compared to the 2022 peak of 61.6000, 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 316,661 BTN

2022 Average 284,988 BTN

Yearly Trough Low 301,043 BTN

Transaction Impact: A difference of 15,617.48 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

62.7695

60.5583

JanuMarcMayJulySeptNove

SGD to BTN 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 61.4968, compared to 61.4531 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0438 points.

H1 Avg (Jan–Jun) 61.4968

H2 Avg (Jul–Dec) 61.4531

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 2.3494 BTN (High: 62.5907 / Low: 60.2412). On the other end, October was the most stable month, with a tight range of 0.6609 BTN (High: 61.1125 / Low: 60.4516).

July Spread (Volatile) ±2.3494

October Spread (Stable) ±0.6609

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 February and March, when the average rate fell by 0.6472 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.6472

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 62.5852) against the same month in 2022 (average: 60.9868), the exchange rate shifted by +1.5984 (+2.62%).

2023 Avg (December) 62.5852

2022 Avg (December) 60.9868

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	62.3869	61.3287	61.7705
February	62.7971	61.2681	61.9589
March	62.1384	60.2087	61.3118
April	62.1291	60.4596	61.4834
May	61.9715	60.9882	61.4100
June	61.4726	60.2666	61.0465
July	62.5907	60.2412	61.5008
August	61.8476	60.7975	61.2944
September	61.1596	60.4862	60.8844
October	61.1125	60.4516	60.7425
November	62.6067	60.8797	61.7111
December	63.3322	62.0935	62.5852