2023 SGD to BWP Historical Review

YEARLY HIGH

10.2787 BWP

YEARLY LOW

9.4859 BWP

YEARLY AVERAGE

9.9436 BWP

2023 SGD to BWP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to BWP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 13, valuing the pair at 10.2787. Conversely, the yearly low was recorded on January 4, dropping to 9.4859.

This high-to-low spread represents a total annual volatility of 0.7928 BWP. From a start-to-finish perspective, comparing the January average rate of 9.6437 to the December average rate of 10.1445, the exchange rate registered a net change of 5.19% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 10.2787 was up 6.34% compared to the 2022 peak of 9.6656, 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 51,393 BWP

2022 Average 44,852 BWP

Yearly Trough Low 47,430 BWP

Transaction Impact: A difference of 3,963.81 BWP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

10.1946

9.5936

JanuMarcMayJulySeptNove

SGD to BWP 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 9.8677, compared to 10.0196 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1518 points.

H1 Avg (Jan–Jun) 9.8677

H2 Avg (Jul–Dec) 10.0196

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.3676 BWP (High: 10.2339 / Low: 9.8663). On the other end, September was the most stable month, with a tight range of 0.1421 BWP (High: 10.0816 / Low: 9.9394).

June Spread (Volatile) ±0.3676

September Spread (Stable) ±0.1421

Growth Streaks & Declines

Trends

Between July and October, 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 June and July, when the average rate fell by 0.0679 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0679

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 10.1445) against the same month in 2022 (average: 9.5304), the exchange rate shifted by +0.6141 (+6.44%).

2023 Avg (December) 10.1445

2022 Avg (December) 9.5304

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.7917	9.4859	9.6437
February	9.8887	9.6238	9.8148
March	9.9668	9.7545	9.8583
April	9.9716	9.7525	9.8534
May	10.2027	9.8880	10.0520
June	10.2339	9.8663	9.9843
July	10.0528	9.7605	9.9164
August	10.0528	9.9013	9.9877
September	10.0816	9.9394	10.0096
October	10.1513	9.9526	10.0340
November	10.1649	9.9141	10.0252
December	10.2787	10.0324	10.1445