2023 SGD to IDR Historical Review

YEARLY HIGH

11718.0197 IDR

YEARLY LOW

10979.2533 IDR

YEARLY AVERAGE

11349.3236 IDR

2023 SGD to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 11718.0197. Conversely, the yearly low was recorded on May 1, dropping to 10979.2533.

This high-to-low spread represents a total annual volatility of 738.7663 IDR. From a start-to-finish perspective, comparing the January average rate of 11506.2901 to the December average rate of 11629.4142, the exchange rate registered a net change of 1.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 11718.0197 was up 0.11% compared to the 2022 peak of 11705.3721, 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 58,590,098 IDR

2022 Average 53,862,289 IDR

Yearly Trough Low 54,896,267 IDR

Transaction Impact: A difference of 3,693,831.59 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

11684.3992

11024.5795

JanuMarcMayJulySeptNove

SGD to IDR 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 11272.8947, compared to 11425.7525 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 152.8578 points.

H1 Avg (Jan–Jun) 11272.8947

H2 Avg (Jul–Dec) 11425.7525

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 382.2307 IDR (High: 11715.6702 / Low: 11333.4394). On the other end, September was the most stable month, with a tight range of 110.5913 IDR (High: 11345.2448 / Low: 11234.6535).

January Spread (Volatile) ±382.2307

September Spread (Stable) ±110.5913

Growth Streaks & Declines

Trends

Between May and August, 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 242.8394 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -242.8394

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 11629.4142) against the same month in 2022 (average: 11514.7372), the exchange rate shifted by +114.6771 (+1.00%).

2023 Avg (December) 11629.4142

2022 Avg (December) 11514.7372

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11715.6702	11333.4394	11506.2901
February	11461.9022	11296.7854	11376.4327
March	11500.5535	11247.8584	11408.0424
April	11289.6662	10987.0618	11165.2029
May	11136.1604	10979.2533	11079.5645
June	11197.6699	11008.2946	11101.8358
July	11362.7869	11083.7973	11280.6199
August	11363.6314	11231.6425	11299.8919
September	11345.2448	11234.6535	11277.4180
October	11636.2760	11305.8964	11512.8783
November	11665.9810	11456.5961	11554.2928
December	11718.0197	11524.5234	11629.4142