2023 SGD to EUR Historical Review

YEARLY HIGH

0.7064 EUR

YEARLY LOW

0.6727 EUR

YEARLY AVERAGE

0.6882 EUR

2023 SGD to EUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to EUR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.7064. Conversely, the yearly low was recorded on May 6, dropping to 0.6727.

This high-to-low spread represents a total annual volatility of 0.0337 EUR. From a start-to-finish perspective, comparing the January average rate of 0.6998 to the December average rate of 0.6877, the exchange rate registered a net change of -1.74% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7064 was down 2.48% compared to the 2022 peak of 0.7243, 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 3,532 EUR

2022 Average 3,448 EUR

Yearly Trough Low 3,363 EUR

Transaction Impact: A difference of 168.55 EUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7033

0.6751

JanuMarcMayJulySeptNove

SGD to EUR 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 0.6918, compared to 0.6846 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0073 points.

H1 Avg (Jan–Jun) 0.6918

H2 Avg (Jul–Dec) 0.6846

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0209 EUR (High: 0.6938 / Low: 0.6729). On the other end, August was the most stable month, with a tight range of 0.0085 EUR (High: 0.6832 / Low: 0.6747).

April Spread (Volatile) ±0.0209

August Spread (Stable) ±0.0085

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 March and April, when the average rate fell by 0.0128 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0128

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.6998) against the same month in 2022 (average: 0.6540), the exchange rate shifted by +0.0459 (+7.01%).

2023 Avg (January) 0.6998

2022 Avg (January) 0.6540

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7064	0.6959	0.6998
February	0.7042	0.6956	0.7009
March	0.7005	0.6906	0.6960
April	0.6938	0.6729	0.6832
May	0.6919	0.6727	0.6860
June	0.6936	0.6762	0.6850
July	0.6844	0.6731	0.6774
August	0.6832	0.6747	0.6785
September	0.6933	0.6834	0.6869
October	0.6954	0.6857	0.6914
November	0.6913	0.6813	0.6855
December	0.6925	0.6821	0.6877