2023 SGD to TRY Historical Review

YEARLY HIGH

22.3868 TRY

YEARLY LOW

13.9234 TRY

YEARLY AVERAGE

17.7038 TRY

2023 SGD to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 22.3868. Conversely, the yearly low was recorded on January 3, dropping to 13.9234.

This high-to-low spread represents a total annual volatility of 8.4634 TRY. From a start-to-finish perspective, comparing the January average rate of 14.1789 to the December average rate of 21.8589, the exchange rate registered a net change of 54.16% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 22.3868 was up 60.61% compared to the 2022 peak of 13.9385, 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 111,934 TRY

2022 Average 60,059 TRY

Yearly Trough Low 69,617 TRY

Transaction Impact: A difference of 42,316.79 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

22.6308

13.3684

JanuMarcMayJulySeptNove

SGD to TRY 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 14.8969, compared to 20.5107 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.6138 points.

H1 Avg (Jan–Jun) 14.8969

H2 Avg (Jul–Dec) 20.5107

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 3.7598 TRY (High: 19.2732 / Low: 15.5134). On the other end, April was the most stable month, with a tight range of 0.2341 TRY (High: 14.6269 / Low: 14.3928).

June Spread (Volatile) ±3.7598

April Spread (Stable) ±0.2341

Growth Streaks & Declines

Trends

Between February and August, 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 0.1125 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.1125

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 21.8589) against the same month in 2022 (average: 13.7948), the exchange rate shifted by +8.0641 (+58.46%).

2023 Avg (December) 21.8589

2022 Avg (December) 13.7948

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.3432	13.9234	14.1789
February	14.4167	13.9810	14.1402
March	14.4434	13.9704	14.1710
April	14.6269	14.3928	14.5221
May	15.3611	14.5585	14.7553
June	19.2732	15.5134	17.6140
July	20.3772	19.0334	19.8336
August	20.2881	19.0877	19.9244
September	20.1020	19.6611	19.8119
October	20.7122	19.9970	20.3733
November	21.7427	20.7317	21.2621
December	22.3868	21.5533	21.8589