2023 SGD to KRW Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SGD to KRW Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SGD to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 1006.4011. Conversely, the yearly low was recorded on January 10, dropping to 931.3031.
This high-to-low spread represents a total annual volatility of 75.0980 KRW. From a start-to-finish perspective, comparing the January average rate of 938.0017 to the December average rate of 977.5042, the exchange rate registered a net change of 4.21% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 1006.4011 was down 1.01% compared to the 2022 peak of 1016.6975, 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 KRW 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 969.4466, compared to 975.6122 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.1656 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 45.4386 KRW (High: 980.4271 / Low: 934.9884). On the other end, October was the most stable month, with a tight range of 8.9188 KRW (High: 990.9217 / Low: 982.0029).
Growth Streaks & Declines
TrendsBetween January and April, 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 May and June, when the average rate fell by 28.8554 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2023: 991.0857) against the same month in 2022 (average: 916.9461), the exchange rate shifted by +74.1396 (+8.09%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 950.8770 | 931.3031 | 938.0017 |
| February | 980.4271 | 934.9884 | 959.9231 |
| March | 983.5813 | 962.3235 | 973.2957 |
| April | 1003.5305 | 979.3746 | 992.1432 |
| May | 1006.4011 | 976.1594 | 991.0857 |
| June | 975.7284 | 944.6731 | 962.2303 |
| July | 973.4512 | 955.6298 | 962.5174 |
| August | 987.9448 | 966.0305 | 979.6894 |
| September | 990.3594 | 969.3595 | 978.3851 |
| October | 990.9217 | 982.0029 | 986.4183 |
| November | 986.7211 | 959.7317 | 969.1589 |
| December | 982.5951 | 969.5455 | 977.5042 |