2023 SGD to SVC Historical Review

YEARLY HIGH

6.7027 SVC

YEARLY LOW

6.3594 SVC

YEARLY AVERAGE

6.5136 SVC

2023 SGD to SVC Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to SVC exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 6.7027. Conversely, the yearly low was recorded on October 21, dropping to 6.3594.

This high-to-low spread represents a total annual volatility of 0.3433 SVC. From a start-to-finish perspective, comparing the January average rate of 6.6060 to the December average rate of 6.5792, the exchange rate registered a net change of -0.41% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 6.7027 was up 2.68% compared to the 2022 peak of 6.5278, 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 33,513 SVC

2022 Average 31,745 SVC

Yearly Trough Low 31,797 SVC

Transaction Impact: A difference of 1,716.32 SVC purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

6.6279

6.3654

JanuMarcMayJulySeptNove

SGD to SVC 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 6.5457, compared to 6.4815 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0642 points.

H1 Avg (Jan–Jun) 6.5457

H2 Avg (Jul–Dec) 6.4815

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.2244 SVC (High: 6.7027 / Low: 6.4782). On the other end, October was the most stable month, with a tight range of 0.0645 SVC (High: 6.4239 / Low: 6.3594).

February Spread (Volatile) ±0.2244

October Spread (Stable) ±0.0645

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 0.0703 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0703

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 6.5648) against the same month in 2022 (average: 6.4932), the exchange rate shifted by +0.0716 (+1.10%).

2023 Avg (February) 6.5648

2022 Avg (February) 6.4932

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6.6786	6.5028	6.6060
February	6.7027	6.4782	6.5648
March	6.5897	6.4313	6.5159
April	6.6164	6.4670	6.5622
May	6.6102	6.4561	6.5273
June	6.5501	6.4325	6.4981
July	6.6196	6.4273	6.5468
August	6.5580	6.4318	6.4765
September	6.4675	6.3802	6.4165
October	6.4239	6.3594	6.3873
November	6.5728	6.3996	6.4826
December	6.6612	6.5166	6.5792