2023 SGD to SYP Historical Review

YEARLY HIGH

1924.7794 SYP

YEARLY LOW

1829.2395 SYP

YEARLY AVERAGE

1871.1991 SYP

2023 SGD to SYP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 1924.7794. Conversely, the yearly low was recorded on October 2, dropping to 1829.2395.

This high-to-low spread represents a total annual volatility of 95.5398 SYP. From a start-to-finish perspective, comparing the January average rate of 1896.8491 to the December average rate of 1887.2271, the exchange rate registered a net change of -0.51% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1924.7794 was up 2.70% compared to the 2022 peak of 1874.2028, 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 9,623,897 SYP

2022 Average 9,114,725 SYP

Yearly Trough Low 9,146,198 SYP

Transaction Impact: A difference of 477,699.23 SYP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1902.9904

1829.2952

JanuMarcMayJulySeptNove

SGD to SYP 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 1880.5381, compared to 1861.8600 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 18.6781 points.

H1 Avg (Jan–Jun) 1880.5381

H2 Avg (Jul–Dec) 1861.8600

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 63.6460 SYP (High: 1924.7794 / Low: 1861.1333). On the other end, October was the most stable month, with a tight range of 14.6027 SYP (High: 1843.8422 / Low: 1829.2395).

February Spread (Volatile) ±63.6460

October Spread (Stable) ±14.6027

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 22.3531 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -22.3531

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 1884.8490) against the same month in 2022 (average: 1864.3272), the exchange rate shifted by +20.5217 (+1.10%).

2023 Avg (February) 1884.8490

2022 Avg (February) 1864.3272

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1915.6221	1867.1150	1896.8491
February	1924.7794	1861.1333	1884.8490
March	1892.1078	1854.9296	1873.8289
April	1900.2245	1877.9290	1886.3240
May	1896.7444	1854.5394	1875.1593
June	1879.5951	1852.4679	1866.2183
July	1902.1349	1856.5881	1882.1221
August	1882.4116	1846.9393	1859.7690
September	1856.9572	1830.0763	1842.9045
October	1843.8422	1829.2395	1835.4365
November	1888.7369	1838.7738	1863.7011
December	1904.1170	1869.5811	1887.2271