2023 SGD to NPR Historical Review

YEARLY HIGH

101.3303 NPR

YEARLY LOW

96.3333 NPR

YEARLY AVERAGE

98.3596 NPR

2023 SGD to NPR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 101.3303. Conversely, the yearly low was recorded on March 7, dropping to 96.3333.

This high-to-low spread represents a total annual volatility of 4.9970 NPR. From a start-to-finish perspective, comparing the January average rate of 98.8335 to the December average rate of 100.1351, the exchange rate registered a net change of 1.32% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 101.3303 was up 2.81% compared to the 2022 peak of 98.5601, 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 506,651 NPR

2022 Average 455,953 NPR

Yearly Trough Low 481,666 NPR

Transaction Impact: A difference of 24,985.02 NPR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

100.4299

96.8927

JanuMarcMayJulySeptNove

SGD to NPR 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 98.3948, compared to 98.3245 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0702 points.

H1 Avg (Jan–Jun) 98.3948

H2 Avg (Jul–Dec) 98.3245

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 3.7433 NPR (High: 100.1292 / Low: 96.3859). On the other end, October was the most stable month, with a tight range of 1.0574 NPR (High: 97.7802 / Low: 96.7228).

July Spread (Volatile) ±3.7433

October Spread (Stable) ±1.0574

Growth Streaks & Declines

Trends

Between 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 February and March, when the average rate fell by 1.0351 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.0351

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 100.1351) against the same month in 2022 (average: 97.5693), the exchange rate shifted by +2.5658 (+2.63%).

2023 Avg (December) 100.1351

2022 Avg (December) 97.5693

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	99.8187	98.1279	98.8335
February	100.4704	98.0289	99.1339
March	99.4217	96.3333	98.0989
April	99.4067	96.7355	98.3745
May	99.1532	97.5812	98.2532
June	98.3588	96.4266	97.6746
July	100.1292	96.3859	98.4006
August	98.9565	97.2758	98.0705
September	97.8553	96.7781	97.4155
October	97.7802	96.7228	97.1874
November	100.1708	97.4119	98.7382
December	101.3303	99.3495	100.1351