2023 SGD to NAD Historical Review

YEARLY HIGH

14.7591 NAD

YEARLY LOW

12.5513 NAD

YEARLY AVERAGE

13.7735 NAD

2023 SGD to NAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to NAD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 27, valuing the pair at 14.7591. Conversely, the yearly low was recorded on January 5, dropping to 12.5513.

This high-to-low spread represents a total annual volatility of 2.2078 NAD. From a start-to-finish perspective, comparing the January average rate of 12.8947 to the December average rate of 14.0344, the exchange rate registered a net change of 8.84% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 14.7591 was up 13.23% compared to the 2022 peak of 13.0346, 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 73,796 NAD

2022 Average 59,122 NAD

Yearly Trough Low 62,757 NAD

Transaction Impact: A difference of 11,039.01 NAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

14.3773

12.7600

JanuMarcMayJulySeptNove

SGD to NAD 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 13.6233, compared to 13.9238 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3005 points.

H1 Avg (Jan–Jun) 13.6233

H2 Avg (Jul–Dec) 13.9238

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 1.2513 NAD (High: 14.7324 / Low: 13.4811). On the other end, March was the most stable month, with a tight range of 0.3398 NAD (High: 13.7753 / Low: 13.4355).

November Spread (Volatile) ±1.2513

March Spread (Stable) ±0.3398

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.3288 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.3288

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 14.0680) against the same month in 2022 (average: 12.7158), the exchange rate shifted by +1.3522 (+10.63%).

2023 Avg (October) 14.0680

2022 Avg (October) 12.7158

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.1250	12.5513	12.8947
February	13.6755	12.8405	13.4113
March	13.7753	13.4355	13.6310
April	13.9235	13.2909	13.6464
May	14.5933	13.7357	14.2425
June	14.6370	13.5503	13.9137
July	14.0013	13.2420	13.6667
August	14.6273	13.6255	13.9492
September	14.1058	13.7231	13.9167
October	14.7591	13.6950	14.0680
November	14.7324	13.4811	13.9075
December	14.3707	13.7103	14.0344