2023 SGD to NZD Historical Review

YEARLY HIGH

1.2580 NZD

YEARLY LOW

1.1667 NZD

YEARLY AVERAGE

1.2130 NZD

2023 SGD to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 25, valuing the pair at 1.2580. Conversely, the yearly low was recorded on January 22, dropping to 1.1667.

This high-to-low spread represents a total annual volatility of 0.0914 NZD. From a start-to-finish perspective, comparing the January average rate of 1.1786 to the December average rate of 1.2060, the exchange rate registered a net change of 2.32% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.2580 was down 0.20% compared to the 2022 peak of 1.2606, 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 6,290 NZD

2022 Average 5,718 NZD

Yearly Trough Low 5,833 NZD

Transaction Impact: A difference of 456.80 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.2454

1.1725

JanuMarcMayJulySeptNove

SGD to NZD 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 1.1995, compared to 1.2266 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0271 points.

H1 Avg (Jan–Jun) 1.1995

H2 Avg (Jul–Dec) 1.2266

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0468 NZD (High: 1.2285 / Low: 1.1818). On the other end, March was the most stable month, with a tight range of 0.0232 NZD (High: 1.2115 / Low: 1.1883).

May Spread (Volatile) ±0.0468

March Spread (Stable) ±0.0232

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0308 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0308

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 1.2394) against the same month in 2022 (average: 1.2349), the exchange rate shifted by +0.0044 (+0.36%).

2023 Avg (October) 1.2394

2022 Avg (October) 1.2349

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1935	1.1667	1.1786
February	1.2045	1.1758	1.1945
March	1.2115	1.1883	1.2015
April	1.2239	1.1917	1.2091
May	1.2285	1.1818	1.2025
June	1.2275	1.1987	1.2106
July	1.2195	1.1829	1.2037
August	1.2494	1.2203	1.2362
September	1.2488	1.2210	1.2373
October	1.2580	1.2147	1.2394
November	1.2510	1.2148	1.2368
December	1.2173	1.1937	1.2060