2023 SGD to CDF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SGD to CDF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SGD to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 2105.1539. Conversely, the yearly low was recorded on February 24, dropping to 1514.8148.
This high-to-low spread represents a total annual volatility of 590.3390 CDF. From a start-to-finish perspective, comparing the January average rate of 1546.7288 to the December average rate of 2044.9949, the exchange rate registered a net change of 32.21% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 2105.1539 was up 38.51% compared to the 2022 peak of 1519.9009, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SGD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SGD to CDF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 1597.4293, compared to 1879.2383 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 281.8090 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 221.2734 CDF (High: 2036.4709 / Low: 1815.1975). On the other end, September was the most stable month, with a tight range of 32.9767 CDF (High: 1834.9866 / Low: 1802.0099).
Growth Streaks & Declines
TrendsBetween 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 16.7682 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 2044.9949) against the same month in 2022 (average: 1512.8203), the exchange rate shifted by +532.1746 (+35.18%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1577.2542 | 1516.7614 | 1546.7288 |
| February | 1573.2614 | 1514.8148 | 1547.2342 |
| March | 1568.1814 | 1519.9590 | 1542.2974 |
| April | 1636.4425 | 1533.2185 | 1562.5009 |
| May | 1729.3888 | 1527.4976 | 1632.7404 |
| June | 1782.2807 | 1722.9408 | 1753.0741 |
| July | 1923.3670 | 1781.6575 | 1849.6615 |
| August | 1858.7763 | 1803.2606 | 1832.8933 |
| September | 1834.9866 | 1802.0099 | 1821.7783 |
| October | 1897.8625 | 1803.6710 | 1839.6134 |
| November | 2036.4709 | 1815.1975 | 1886.4884 |
| December | 2105.1539 | 1989.8392 | 2044.9949 |