2023 SGD to MDL Historical Review

YEARLY HIGH

14.4657 MDL

YEARLY LOW

12.8845 MDL

YEARLY AVERAGE

13.4812 MDL

2023 SGD to MDL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to MDL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 14.4657. Conversely, the yearly low was recorded on August 15, dropping to 12.8845.

This high-to-low spread represents a total annual volatility of 1.5812 MDL. From a start-to-finish perspective, comparing the January average rate of 14.3366 to the December average rate of 13.2238, the exchange rate registered a net change of -7.76% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 14.4657 was down 0.12% compared to the 2022 peak of 14.4828, 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 72,328 MDL

2022 Average 68,435 MDL

Yearly Trough Low 64,423 MDL

Transaction Impact: A difference of 7,905.77 MDL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

14.4617

12.9606

JanuMarcMayJulySeptNove

SGD to MDL 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 13.7319, compared to 13.2304 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5015 points.

H1 Avg (Jan–Jun) 13.7319

H2 Avg (Jul–Dec) 13.2304

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.6827 MDL (High: 13.6779 / Low: 12.9952). On the other end, October was the most stable month, with a tight range of 0.2318 MDL (High: 13.3658 / Low: 13.1341).

July Spread (Volatile) ±0.6827

October Spread (Stable) ±0.2318

Growth Streaks & Declines

Trends

Between May and July, 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 March and April, when the average rate fell by 0.3334 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3334

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 14.3366) against the same month in 2022 (average: 13.2672), the exchange rate shifted by +1.0694 (+8.06%).

2023 Avg (January) 14.3366

2022 Avg (January) 13.2672

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.4657	14.2325	14.3366
February	14.3878	13.9252	14.0817
March	14.0700	13.7426	13.8760
April	13.7928	13.3740	13.5425
May	13.4627	13.0947	13.2601
June	13.5335	13.1417	13.2946
July	13.6779	12.9952	13.4056
August	13.2981	12.8845	13.0857
September	13.3880	13.0668	13.1839
October	13.3658	13.1341	13.2452
November	13.3428	13.0916	13.2383
December	13.3787	13.0977	13.2238