2023 SGD to IRR Historical Review

YEARLY HIGH

32332.0770 IRR

YEARLY LOW

30751.8411 IRR

YEARLY AVERAGE

31442.4409 IRR

2023 SGD to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 32332.0770. Conversely, the yearly low was recorded on October 3, dropping to 30751.8411.

This high-to-low spread represents a total annual volatility of 1580.2359 IRR. From a start-to-finish perspective, comparing the January average rate of 31659.8735 to the December average rate of 31720.0071, the exchange rate registered a net change of 0.19% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 32332.0770 was up 2.71% compared to the 2022 peak of 31480.5156, 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 161,660,385 IRR

2022 Average 153,338,782 IRR

Yearly Trough Low 153,759,206 IRR

Transaction Impact: A difference of 7,901,179.34 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

31812.3474

30777.9823

JanuMarcMayJulySeptNove

SGD to IRR 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 31574.9859, compared to 31309.8958 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 265.0901 points.

H1 Avg (Jan–Jun) 31574.9859

H2 Avg (Jul–Dec) 31309.8958

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 1194.6337 IRR (High: 32332.0770 / Low: 31137.4433). On the other end, October was the most stable month, with a tight range of 244.5190 IRR (High: 30996.3601 / Low: 30751.8411).

February Spread (Volatile) ±1194.6337

October Spread (Stable) ±244.5190

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 349.4976 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -349.4976

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 31671.4445) against the same month in 2022 (average: 31362.7006), the exchange rate shifted by +308.7439 (+0.98%).

2023 Avg (February) 31671.4445

2022 Avg (February) 31362.7006

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	32174.4434	31136.7901	31659.8735
February	32332.0770	31137.4433	31671.4445
March	31835.9816	31210.4333	31444.4383
April	31953.6419	31597.4127	31726.1503
May	31913.9941	31222.3206	31548.2404
June	31612.3554	31169.0131	31399.7686
July	32004.6938	31233.8103	31644.6867
August	31700.9305	31103.5560	31295.1890
September	31226.0723	30764.9445	30991.4802
October	30996.3601	30751.8411	30864.1794
November	31769.8663	30902.0093	31343.8327
December	31939.6161	31447.6524	31720.0071