2023 SGD to SBD Historical Review

YEARLY HIGH

6.3955 SBD

YEARLY LOW

6.0782 SBD

YEARLY AVERAGE

6.2148 SBD

2023 SGD to SBD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to SBD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 6.3955. Conversely, the yearly low was recorded on March 11, dropping to 6.0782.

This high-to-low spread represents a total annual volatility of 0.3173 SBD. From a start-to-finish perspective, comparing the January average rate of 6.2393 to the December average rate of 6.3526, the exchange rate registered a net change of 1.82% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 6.3955 was up 3.57% compared to the 2022 peak of 6.1751, 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 31,978 SBD

2022 Average 29,522 SBD

Yearly Trough Low 30,391 SBD

Transaction Impact: A difference of 1,586.46 SBD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

6.3741

6.1160

JanuMarcMayJulySeptNove

SGD to SBD 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 6.1974, compared to 6.2322 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0348 points.

H1 Avg (Jan–Jun) 6.1974

H2 Avg (Jul–Dec) 6.2322

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.2148 SBD (High: 6.3710 / Low: 6.1562). On the other end, June was the most stable month, with a tight range of 0.0926 SBD (High: 6.2348 / Low: 6.1422).

November Spread (Volatile) ±0.2148

June Spread (Stable) ±0.0926

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 0.0721 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0721

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 6.3526) against the same month in 2022 (average: 6.0831), the exchange rate shifted by +0.2695 (+4.43%).

2023 Avg (December) 6.3526

2022 Avg (December) 6.0831

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6.2936	6.1417	6.2393
February	6.3159	6.1056	6.1766
March	6.2189	6.0782	6.1375
April	6.2668	6.1711	6.2256
May	6.2914	6.1465	6.2143
June	6.2348	6.1422	6.1914
July	6.3357	6.1587	6.2666
August	6.2700	6.1508	6.1945
September	6.1904	6.0962	6.1611
October	6.2130	6.1137	6.1606
November	6.3710	6.1562	6.2581
December	6.3955	6.2910	6.3526