2023 SGD to KPW Historical Review

YEARLY HIGH

689.4650 KPW

YEARLY LOW

655.2422 KPW

YEARLY AVERAGE

670.2723 KPW

2023 SGD to KPW Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to KPW exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 689.4650. Conversely, the yearly low was recorded on October 2, dropping to 655.2422.

This high-to-low spread represents a total annual volatility of 34.2228 KPW. From a start-to-finish perspective, comparing the January average rate of 679.4602 to the December average rate of 676.0136, the exchange rate registered a net change of -0.51% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 689.4650 was up 2.70% compared to the 2022 peak of 671.3482, 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 3,447,325 KPW

2022 Average 3,265,114 KPW

Yearly Trough Low 3,276,211 KPW

Transaction Impact: A difference of 171,114.10 KPW purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

681.6601

655.2621

JanuMarcMayJulySeptNove

SGD to KPW 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 673.6175, compared to 666.9270 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 6.6906 points.

H1 Avg (Jan–Jun) 673.6175

H2 Avg (Jul–Dec) 666.9270

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 22.7983 KPW (High: 689.4650 / Low: 666.6667). On the other end, October was the most stable month, with a tight range of 5.2307 KPW (High: 660.4729 / Low: 655.2422).

February Spread (Volatile) ±22.7983

October Spread (Stable) ±5.2307

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 8.0070 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -8.0070

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 675.1617) against the same month in 2022 (average: 667.9516), the exchange rate shifted by +7.2101 (+1.08%).

2023 Avg (February) 675.1617

2022 Avg (February) 667.9516

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	686.1848	668.8093	679.4602
February	689.4650	666.6667	675.1617
March	677.7619	664.4445	671.2143
April	680.6693	672.6829	675.6901
May	679.4227	664.3047	671.6909
June	673.2798	663.5627	668.4881
July	681.3536	665.0386	674.1850
August	674.2886	661.5823	666.1780
September	665.1708	655.5419	660.1370
October	660.4729	655.2422	657.4619
November	676.5544	658.6574	667.5864
December	682.0636	669.6927	676.0136