2023 SGD to SAR Historical Review

YEARLY HIGH

2.8746 SAR

YEARLY LOW

2.7306 SAR

YEARLY AVERAGE

2.7940 SAR

2023 SGD to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 2.8746. Conversely, the yearly low was recorded on October 2, dropping to 2.7306.

This high-to-low spread represents a total annual volatility of 0.1440 SAR. From a start-to-finish perspective, comparing the January average rate of 2.8358 to the December average rate of 2.8175, the exchange rate registered a net change of -0.65% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.8746 was up 2.52% compared to the 2022 peak of 2.8038, 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 14,373 SAR

2022 Average 13,622 SAR

Yearly Trough Low 13,653 SAR

Transaction Impact: A difference of 720.12 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.8454

2.7304

JanuMarcMayJulySeptNove

SGD to SAR 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 2.8086, compared to 2.7794 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0291 points.

H1 Avg (Jan–Jun) 2.8086

H2 Avg (Jul–Dec) 2.7794

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0973 SAR (High: 2.8746 / Low: 2.7773). On the other end, October was the most stable month, with a tight range of 0.0221 SAR (High: 2.7527 / Low: 2.7306).

February Spread (Volatile) ±0.0973

October Spread (Stable) ±0.0221

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 July and August, when the average rate fell by 0.0331 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0331

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 2.8143) against the same month in 2022 (average: 2.7845), the exchange rate shifted by +0.0298 (+1.07%).

2023 Avg (February) 2.8143

2022 Avg (February) 2.7845

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8623	2.7930	2.8358
February	2.8746	2.7773	2.8143
March	2.8286	2.7712	2.8003
April	2.8370	2.8035	2.8162
May	2.8311	2.7680	2.7990
June	2.8058	2.7651	2.7857
July	2.8410	2.7707	2.8097
August	2.8110	2.7568	2.7766
September	2.7719	2.7319	2.7510
October	2.7527	2.7306	2.7400
November	2.8195	2.7454	2.7817
December	2.8433	2.7908	2.8175