2023 SGD to MGA Historical Review

YEARLY HIGH

3495.6551 MGA

YEARLY LOW

3159.3192 MGA

YEARLY AVERAGE

3313.6915 MGA

2023 SGD to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 3495.6551. Conversely, the yearly low was recorded on March 18, dropping to 3159.3192.

This high-to-low spread represents a total annual volatility of 336.3358 MGA. From a start-to-finish perspective, comparing the January average rate of 3320.3372 to the December average rate of 3442.0180, the exchange rate registered a net change of 3.66% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 3495.6551 was up 4.60% compared to the 2022 peak of 3341.8222, 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 17,478,275 MGA

2022 Average 14,979,588 MGA

Yearly Trough Low 15,796,596 MGA

Transaction Impact: A difference of 1,681,679.12 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

3464.7744

3191.6986

JanuMarcMayJulySeptNove

SGD to MGA 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 3275.8312, compared to 3351.5519 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 75.7207 points.

H1 Avg (Jan–Jun) 3275.8312

H2 Avg (Jul–Dec) 3351.5519

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 186.8972 MGA (High: 3419.8544 / Low: 3232.9572). On the other end, October was the most stable month, with a tight range of 49.4476 MGA (High: 3336.9093 / Low: 3287.4618).

January Spread (Volatile) ±186.8972

October Spread (Stable) ±49.4476

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 January and February, when the average rate fell by 95.9679 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -95.9679

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 3442.0180) against the same month in 2022 (average: 3269.6348), the exchange rate shifted by +172.3833 (+5.27%).

2023 Avg (December) 3442.0180

2022 Avg (December) 3269.6348

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3419.8544	3232.9572	3320.3372
February	3284.5780	3178.5989	3224.3693
March	3284.5222	3159.3192	3214.4549
April	3310.2158	3247.2491	3286.5955
May	3327.4664	3246.6282	3284.9063
June	3381.7008	3262.5389	3324.3237
July	3423.0865	3320.1994	3371.1665
August	3370.3141	3286.3504	3332.0815
September	3336.3091	3279.3493	3307.7727
October	3336.9093	3287.4618	3307.7209
November	3405.8712	3296.4799	3348.5516
December	3495.6551	3374.3251	3442.0180