2023 SGD to MMK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SGD to MMK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SGD to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 1608.6253. Conversely, the yearly low was recorded on October 21, dropping to 1526.2727.
This high-to-low spread represents a total annual volatility of 82.3526 MMK. From a start-to-finish perspective, comparing the January average rate of 1585.4295 to the December average rate of 1579.0039, the exchange rate registered a net change of -0.41% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 1608.6253 was up 2.68% compared to the 2022 peak of 1566.6012, 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 MMK 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 1570.9962, compared to 1555.5730 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 15.4232 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 53.8480 MMK (High: 1608.6253 / Low: 1554.7773). On the other end, October was the most stable month, with a tight range of 15.5308 MMK (High: 1541.8035 / Low: 1526.2727).
Growth Streaks & Declines
TrendsBetween 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 16.8471 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 1575.5744) against the same month in 2022 (average: 1319.4737), the exchange rate shifted by +256.1007 (+19.41%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1602.4970 | 1560.8479 | 1585.4295 |
| February | 1608.6253 | 1554.7773 | 1575.5744 |
| March | 1581.5594 | 1543.4904 | 1563.8768 |
| April | 1588.0359 | 1552.0451 | 1575.0036 |
| May | 1586.5058 | 1549.5946 | 1566.5534 |
| June | 1572.0576 | 1543.8914 | 1559.5397 |
| July | 1588.6398 | 1542.5072 | 1571.2295 |
| August | 1573.9815 | 1543.6317 | 1554.3823 |
| September | 1552.1805 | 1531.2248 | 1539.9942 |
| October | 1541.8035 | 1526.2727 | 1532.9804 |
| November | 1577.5195 | 1535.9237 | 1555.8477 |
| December | 1598.6972 | 1563.9846 | 1579.0039 |