2023 SGD to LRD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SGD to LRD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SGD to LRD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 142.8355. Conversely, the yearly low was recorded on February 24, dropping to 113.9081.
This high-to-low spread represents a total annual volatility of 28.9274 LRD. From a start-to-finish perspective, comparing the January average rate of 117.3061 to the December average rate of 141.3849, the exchange rate registered a net change of 20.53% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 142.8355 was up 23.98% compared to the 2022 peak of 115.2108, 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 LRD 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 121.7359, compared to 138.2389 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 16.5030 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 7.7443 LRD (High: 133.1904 / Low: 125.4460). On the other end, October was the most stable month, with a tight range of 1.4525 LRD (High: 137.3832 / Low: 135.9306).
Growth Streaks & Declines
TrendsBetween January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 1.2244 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 141.3849) against the same month in 2022 (average: 114.0405), the exchange rate shifted by +27.3444 (+23.98%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 119.4554 | 114.8123 | 117.3061 |
| February | 120.1967 | 113.9081 | 117.3780 |
| March | 122.1767 | 115.3694 | 118.9388 |
| April | 123.7624 | 121.6646 | 122.4636 |
| May | 125.6932 | 123.7850 | 124.6200 |
| June | 133.1904 | 125.4460 | 129.7090 |
| July | 140.1699 | 133.1438 | 137.6296 |
| August | 139.7276 | 136.8740 | 137.9069 |
| September | 137.4664 | 135.9521 | 136.6825 |
| October | 137.3832 | 135.9306 | 136.5205 |
| November | 141.3623 | 137.2203 | 139.3090 |
| December | 142.8355 | 140.0030 | 141.3849 |