2023 SGD to CRC Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SGD to CRC Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SGD to CRC exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 443.1885. Conversely, the yearly low was recorded on October 21, dropping to 385.8085.
This high-to-low spread represents a total annual volatility of 57.3800 CRC. From a start-to-finish perspective, comparing the January average rate of 433.8437 to the December average rate of 394.4627, the exchange rate registered a net change of -9.08% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 443.1885 was down 11.21% compared to the 2022 peak of 499.1395, 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 CRC 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 411.5024, compared to 395.3898 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 16.1126 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 25.7400 CRC (High: 438.9310 / Low: 413.1910). On the other end, December was the most stable month, with a tight range of 4.9575 CRC (High: 397.3898 / Low: 392.4323).
Growth Streaks & Declines
TrendsBetween 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 17.0782 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 433.8437) against the same month in 2022 (average: 472.9732), the exchange rate shifted by -39.1295 (-8.27%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 443.1885 | 420.2269 | 433.8437 |
| February | 438.9310 | 413.1910 | 423.9724 |
| March | 416.0729 | 399.1141 | 406.8942 |
| April | 409.6434 | 397.7003 | 402.1104 |
| May | 409.9813 | 396.1696 | 401.1288 |
| June | 405.3553 | 397.8853 | 401.0648 |
| July | 412.0650 | 398.7564 | 404.6285 |
| August | 408.3242 | 392.2709 | 398.3887 |
| September | 398.5060 | 388.3536 | 392.8292 |
| October | 392.8719 | 385.8085 | 388.5532 |
| November | 397.9618 | 388.2674 | 393.4762 |
| December | 397.3898 | 392.4323 | 394.4627 |