2023 SGD to KMF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SGD to KMF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SGD to KMF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 347.9565. Conversely, the yearly low was recorded on July 21, dropping to 329.8897.
This high-to-low spread represents a total annual volatility of 18.0668 KMF. From a start-to-finish perspective, comparing the January average rate of 345.0263 to the December average rate of 338.8472, the exchange rate registered a net change of -1.79% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 347.9565 was down 2.45% compared to the 2022 peak of 356.7129, 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 KMF 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 341.1350, compared to 337.3089 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.8262 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 10.3476 KMF (High: 342.9030 / Low: 332.5555). On the other end, August was the most stable month, with a tight range of 4.1305 KMF (High: 336.0244 / Low: 331.8939).
Growth Streaks & Declines
TrendsBetween July and October, 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 6.4974 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 345.0263) against the same month in 2022 (average: 321.8224), the exchange rate shifted by +23.2038 (+7.21%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 347.9565 | 342.7691 | 345.0263 |
| February | 347.5391 | 340.9573 | 345.1648 |
| March | 347.3909 | 339.9273 | 343.5236 |
| April | 340.9626 | 333.7075 | 337.0262 |
| May | 341.3980 | 335.0485 | 338.2378 |
| June | 342.9030 | 332.5555 | 337.8317 |
| July | 336.7007 | 329.8897 | 333.7311 |
| August | 336.0244 | 331.8939 | 334.1536 |
| September | 341.8649 | 334.3363 | 338.0728 |
| October | 342.8116 | 338.5013 | 340.5961 |
| November | 345.5224 | 335.5367 | 338.4524 |
| December | 343.7408 | 335.6319 | 338.8472 |