2023 SGD to GMD Historical Review

YEARLY HIGH

51.0533 GMD

YEARLY LOW

43.9242 GMD

YEARLY AVERAGE

46.3897 GMD

2023 SGD to GMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 51.0533. Conversely, the yearly low was recorded on June 29, dropping to 43.9242.

This high-to-low spread represents a total annual volatility of 7.1291 GMD. From a start-to-finish perspective, comparing the January average rate of 46.8261 to the December average rate of 50.5902, the exchange rate registered a net change of 8.04% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 51.0533 was up 10.48% compared to the 2022 peak of 46.2111, 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 255,266 GMD

2022 Average 200,958 GMD

Yearly Trough Low 219,621 GMD

Transaction Impact: A difference of 35,645.54 GMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

51.2312

43.5389

JanuMarcMayJulySeptNove

SGD to GMD 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 45.6119, compared to 47.1675 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.5556 points.

H1 Avg (Jan–Jun) 45.6119

H2 Avg (Jul–Dec) 47.1675

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 3.2310 GMD (High: 47.5733 / Low: 44.3423). On the other end, June was the most stable month, with a tight range of 0.4889 GMD (High: 44.4130 / Low: 43.9242).

September Spread (Volatile) ±3.2310

June Spread (Stable) ±0.4889

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 1.8222 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -1.8222

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 50.5902) against the same month in 2022 (average: 45.9014), the exchange rate shifted by +4.6888 (+10.21%).

2023 Avg (December) 50.5902

2022 Avg (December) 45.9014

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	47.3862	46.0795	46.8261
February	47.1900	45.2593	45.8357
March	46.8149	45.1848	45.7828
April	47.1111	44.8906	46.4347
May	45.3972	43.9548	44.6125
June	44.4130	43.9242	44.1799
July	45.1586	44.0034	44.6786
August	45.2335	44.5098	44.8440
September	47.5733	44.3423	45.3380
October	48.2443	47.0912	47.9322
November	50.5912	47.6063	49.6222
December	51.0533	50.1525	50.5902