2023 SGD to SRD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SGD to SRD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SGD to SRD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 31, valuing the pair at 29.0428. Conversely, the yearly low was recorded on January 5, dropping to 23.4826.
This high-to-low spread represents a total annual volatility of 5.5601 SRD. From a start-to-finish perspective, comparing the January average rate of 24.0204 to the December average rate of 28.0639, the exchange rate registered a net change of 16.83% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 29.0428 was up 22.40% compared to the 2022 peak of 23.7277, 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 SRD 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 26.3187, compared to 28.1653 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.8466 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 2.3516 SRD (High: 27.1247 / Low: 24.7731). On the other end, October was the most stable month, with a tight range of 0.3498 SRD (High: 28.0393 / Low: 27.6894).
Growth Streaks & Declines
TrendsBetween January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.2373 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 28.4620) against the same month in 2022 (average: 16.4174), the exchange rate shifted by +12.0447 (+73.37%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 24.6086 | 23.4826 | 24.0204 |
| February | 25.1642 | 24.2625 | 24.6087 |
| March | 27.1247 | 24.7731 | 25.8010 |
| April | 28.0785 | 26.9451 | 27.6098 |
| May | 28.5924 | 27.5317 | 27.8696 |
| June | 28.4966 | 27.6237 | 28.0026 |
| July | 29.0428 | 27.4219 | 28.4620 |
| August | 28.8910 | 28.0820 | 28.3296 |
| September | 28.4713 | 27.8347 | 28.0923 |
| October | 28.0393 | 27.6894 | 27.8686 |
| November | 28.4983 | 27.8396 | 28.1752 |
| December | 28.3771 | 27.8227 | 28.0639 |