2023 SGD to DJF Historical Review

YEARLY HIGH

136.1022 DJF

YEARLY LOW

129.4062 DJF

YEARLY AVERAGE

132.4420 DJF

2023 SGD to DJF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to DJF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 136.1022. Conversely, the yearly low was recorded on October 21, dropping to 129.4062.

This high-to-low spread represents a total annual volatility of 6.6960 DJF. From a start-to-finish perspective, comparing the January average rate of 134.1925 to the December average rate of 133.7725, the exchange rate registered a net change of -0.31% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 136.1022 was up 2.57% compared to the 2022 peak of 132.6880, 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 680,511 DJF

2022 Average 645,822 DJF

Yearly Trough Low 647,031 DJF

Transaction Impact: A difference of 33,480.19 DJF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

134.6189

129.5020

JanuMarcMayJulySeptNove

SGD to DJF 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 133.0819, compared to 131.8022 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.2797 points.

H1 Avg (Jan–Jun) 133.0819

H2 Avg (Jul–Dec) 131.8022

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 4.3778 DJF (High: 136.1022 / Low: 131.7244). On the other end, October was the most stable month, with a tight range of 1.1931 DJF (High: 130.5993 / Low: 129.4062).

February Spread (Volatile) ±4.3778

October Spread (Stable) ±1.1931

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 July and August, when the average rate fell by 1.4041 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.4041

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 133.5212) against the same month in 2022 (average: 132.0446), the exchange rate shifted by +1.4766 (+1.12%).

2023 Avg (February) 133.5212

2022 Avg (February) 132.0446

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	135.6630	131.9041	134.1925
February	136.1022	131.7244	133.5212
March	133.9195	130.8667	132.4926
April	134.5172	131.5759	133.3587
May	134.2708	131.3299	132.7346
June	133.1692	130.8922	132.1917
July	134.6060	130.7871	133.0895
August	133.4994	130.7092	131.6854
September	131.4289	129.7699	130.5713
October	130.5993	129.4062	129.9284
November	133.9479	130.2788	131.7659
December	135.3240	132.4967	133.7725