2023 SGD to HUF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SGD to HUF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SGD to HUF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 282.0725. Conversely, the yearly low was recorded on June 26, dropping to 249.9678.
This high-to-low spread represents a total annual volatility of 32.1047 HUF. From a start-to-finish perspective, comparing the January average rate of 276.3182 to the December average rate of 262.5553, the exchange rate registered a net change of -4.98% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 282.0725 was down 9.11% compared to the 2022 peak of 310.3577, 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 HUF 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 263.5020, compared to 262.1556 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.3464 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 17.2577 HUF (High: 278.0171 / Low: 260.7594). On the other end, December was the most stable month, with a tight range of 4.9391 HUF (High: 264.8720 / Low: 259.9328).
Growth Streaks & Declines
TrendsBetween June and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 11.0612 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 276.3182) against the same month in 2022 (average: 234.8114), the exchange rate shifted by +41.5068 (+17.68%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 282.0725 | 270.1662 | 276.3182 |
| February | 277.0200 | 264.4523 | 269.5975 |
| March | 278.0171 | 260.7594 | 268.2349 |
| April | 264.2093 | 253.5844 | 257.1737 |
| May | 258.7835 | 253.1611 | 255.7868 |
| June | 256.0627 | 249.9678 | 253.9006 |
| July | 264.8781 | 251.6088 | 256.9687 |
| August | 267.8482 | 257.3603 | 261.2667 |
| September | 272.2042 | 261.3594 | 265.6242 |
| October | 271.0606 | 261.7639 | 266.6121 |
| November | 265.1211 | 256.0541 | 259.9064 |
| December | 264.8720 | 259.9328 | 262.5553 |