2023 SGD to MXN Historical Review

YEARLY HIGH

14.5526 MXN

YEARLY LOW

12.3445 MXN

YEARLY AVERAGE

13.2108 MXN

2023 SGD to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 14.5526. Conversely, the yearly low was recorded on August 27, dropping to 12.3445.

This high-to-low spread represents a total annual volatility of 2.2082 MXN. From a start-to-finish perspective, comparing the January average rate of 14.3162 to the December average rate of 12.8935, the exchange rate registered a net change of -9.94% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 14.5526 was down 7.01% compared to the 2022 peak of 15.6499, 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 72,763 MXN

2022 Average 72,949 MXN

Yearly Trough Low 61,722 MXN

Transaction Impact: A difference of 11,040.85 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

14.4904

12.3993

JanuMarcMayJulySeptNove

SGD to MXN 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 13.6001, compared to 12.8216 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7785 points.

H1 Avg (Jan–Jun) 13.6001

H2 Avg (Jul–Dec) 12.8216

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.8629 MXN (High: 14.4379 / Low: 13.5750). On the other end, July was the most stable month, with a tight range of 0.2378 MXN (High: 12.7691 / Low: 12.5312).

February Spread (Volatile) ±0.8629

July Spread (Stable) ±0.2378

Growth Streaks & Declines

Trends

Between August and October, 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 May and June, when the average rate fell by 0.4216 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.4216

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 14.3162) against the same month in 2022 (average: 15.1785), the exchange rate shifted by -0.8623 (-5.68%).

2023 Avg (January) 14.3162

2022 Avg (January) 15.1785

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.5526	14.1294	14.3162
February	14.4379	13.5750	13.9519
March	14.0991	13.2822	13.7276
April	13.7861	13.4719	13.5647
May	13.5096	12.9994	13.2308
June	13.0286	12.6198	12.8092
July	12.7691	12.5312	12.6740
August	12.9298	12.3445	12.5736
September	12.8982	12.5094	12.6874
October	13.3708	12.7361	13.2131
November	13.0787	12.7700	12.8879
December	13.0590	12.8113	12.8935