2023 SGD to GNF Historical Review

YEARLY HIGH

6699.1474 GNF

YEARLY LOW

6243.3589 GNF

YEARLY AVERAGE

6418.7790 GNF

2023 SGD to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 27, valuing the pair at 6699.1474. Conversely, the yearly low was recorded on October 21, dropping to 6243.3589.

This high-to-low spread represents a total annual volatility of 455.7885 GNF. From a start-to-finish perspective, comparing the January average rate of 6542.7596 to the December average rate of 6461.2039, the exchange rate registered a net change of -1.25% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 6699.1474 was down 3.11% compared to the 2022 peak of 6914.3217, 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 33,495,737 GNF

2022 Average 31,957,565 GNF

Yearly Trough Low 31,216,795 GNF

Transaction Impact: A difference of 2,278,942.30 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

6568.7553

6256.8070

JanuMarcMayJulySeptNove

SGD to GNF 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 6461.6151, compared to 6375.9428 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 85.6723 points.

H1 Avg (Jan–Jun) 6461.6151

H2 Avg (Jul–Dec) 6375.9428

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 270.2899 GNF (High: 6699.1474 / Low: 6428.8575). On the other end, September was the most stable month, with a tight range of 83.1506 GNF (High: 6347.6348 / Low: 6264.4842).

January Spread (Volatile) ±270.2899

September Spread (Stable) ±83.1506

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 73.6162 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -73.6162

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 6542.7596) against the same month in 2022 (average: 6734.3696), the exchange rate shifted by -191.6100 (-2.85%).

2023 Avg (January) 6542.7596

2022 Avg (January) 6734.3696

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6699.1474	6428.8575	6542.7596
February	6636.9262	6372.4358	6485.5056
March	6541.9192	6329.6634	6441.2084
April	6516.6042	6371.7184	6456.7809
May	6526.7359	6347.1357	6436.7702
June	6453.2975	6336.4267	6406.6662
July	6518.0682	6315.6815	6447.5002
August	6462.6480	6328.6950	6373.8840
September	6347.6348	6264.4842	6311.3893
October	6331.1223	6243.3589	6282.8027
November	6458.8480	6282.0524	6378.8770
December	6528.6738	6401.7899	6461.2039