2023 SGD to SOS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SGD to SOS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SGD to SOS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 435.4767. Conversely, the yearly low was recorded on October 21, dropping to 415.3336.
This high-to-low spread represents a total annual volatility of 20.1431 SOS. From a start-to-finish perspective, comparing the January average rate of 429.3420 to the December average rate of 429.4487, the exchange rate registered a net change of 0.02% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 435.4767 was up 0.10% compared to the 2022 peak of 435.0235, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SGD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SGD to SOS Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 425.4664, compared to 422.5392 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.9272 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 14.6036 SOS (High: 435.4767 / Low: 420.8731). On the other end, October was the most stable month, with a tight range of 4.1289 SOS (High: 419.4625 / Low: 415.3336).
Growth Streaks & Declines
TrendsBetween 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 4.7273 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 426.6001) against the same month in 2022 (average: 431.5297), the exchange rate shifted by -4.9295 (-1.14%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 433.7138 | 422.5148 | 429.3420 |
| February | 435.4767 | 420.8731 | 426.6001 |
| March | 428.4378 | 417.8526 | 423.6089 |
| April | 429.9374 | 422.3940 | 426.4975 |
| May | 429.4600 | 419.7272 | 424.3415 |
| June | 425.7624 | 417.9076 | 422.4082 |
| July | 430.8197 | 418.3164 | 426.0499 |
| August | 426.7582 | 418.0364 | 421.3226 |
| September | 420.9246 | 415.9582 | 418.1745 |
| October | 419.4625 | 415.3336 | 417.0398 |
| November | 429.6120 | 417.7996 | 423.1995 |
| December | 433.5322 | 425.3314 | 429.4487 |