2023 SGD to SCR Historical Review

YEARLY HIGH

10.7906 SCR

YEARLY LOW

9.3099 SCR

YEARLY AVERAGE

10.0112 SCR

2023 SGD to SCR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to SCR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 10.7906. Conversely, the yearly low was recorded on October 26, dropping to 9.3099.

This high-to-low spread represents a total annual volatility of 1.4807 SCR. From a start-to-finish perspective, comparing the January average rate of 10.2272 to the December average rate of 10.0916, the exchange rate registered a net change of -1.33% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 10.7906 was down 2.62% compared to the 2022 peak of 11.0805, 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 53,953 SCR

2022 Average 49,209 SCR

Yearly Trough Low 46,550 SCR

Transaction Impact: A difference of 7,403.60 SCR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

10.2860

9.5803

JanuMarcMayJulySeptNove

SGD to SCR 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 10.1411, compared to 9.8813 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2598 points.

H1 Avg (Jan–Jun) 10.1411

H2 Avg (Jul–Dec) 9.8813

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 1.1571 SCR (High: 10.7862 / Low: 9.6292). On the other end, August was the most stable month, with a tight range of 0.2898 SCR (High: 10.0593 / Low: 9.7695).

January Spread (Volatile) ±1.1571

August Spread (Stable) ±0.2898

Growth Streaks & Declines

Trends

Between September and December, 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 August and September, when the average rate fell by 0.2593 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2593

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 10.1728) against the same month in 2022 (average: 10.1676), the exchange rate shifted by +0.0053 (+0.05%).

2023 Avg (February) 10.1728

2022 Avg (February) 10.1676

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.7862	9.6292	10.2272
February	10.7906	9.6510	10.1728
March	10.4673	9.6636	10.0409
April	10.5978	9.6943	10.1474
May	10.5042	9.7190	10.0774
June	10.5541	9.6771	10.1809
July	10.6467	9.6581	10.0129
August	10.0593	9.7695	9.8984
September	9.9891	9.3168	9.6391
October	10.1094	9.3099	9.7364
November	10.3182	9.6088	9.9094
December	10.5646	9.6274	10.0916