2023 SGD to UZS Historical Review

YEARLY HIGH

9370.8834 UZS

YEARLY LOW

8360.6068 UZS

YEARLY AVERAGE

8739.0759 UZS

2023 SGD to UZS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to UZS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 9370.8834. Conversely, the yearly low was recorded on March 18, dropping to 8360.6068.

This high-to-low spread represents a total annual volatility of 1010.2767 UZS. From a start-to-finish perspective, comparing the January average rate of 8533.8325 to the December average rate of 9279.4272, the exchange rate registered a net change of 8.74% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 9370.8834 was up 10.24% compared to the 2022 peak of 8500.6527, 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 46,854,417 UZS

2022 Average 40,093,842 UZS

Yearly Trough Low 41,803,034 UZS

Transaction Impact: A difference of 5,051,383.29 UZS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

9358.5096

8409.5202

JanuMarcMayJulySeptNove

SGD to UZS 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 8524.7397, compared to 8953.4120 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 428.6722 points.

H1 Avg (Jan–Jun) 8524.7397

H2 Avg (Jul–Dec) 8953.4120

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 322.8241 UZS (High: 8965.1408 / Low: 8642.3167). On the other end, September was the most stable month, with a tight range of 60.6792 UZS (High: 8949.4645 / Low: 8888.7853).

August Spread (Volatile) ±322.8241

September Spread (Stable) ±60.6792

Growth Streaks & Declines

Trends

Between June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 28.3316 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -28.3316

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 9279.4272) against the same month in 2022 (average: 8322.1291), the exchange rate shifted by +957.2980 (+11.50%).

2023 Avg (December) 9279.4272

2022 Avg (December) 8322.1291

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	8642.2672	8362.7430	8533.8325
February	8640.7869	8403.2933	8505.5009
March	8611.4325	8360.6068	8488.6027
April	8636.9543	8444.3367	8563.2357
May	8646.7988	8432.4098	8539.5096
June	8585.5976	8444.1732	8517.7572
July	8784.6941	8463.8541	8670.5339
August	8965.1408	8642.3167	8820.3509
September	8949.4645	8888.7853	8923.5452
October	8971.4235	8885.2725	8923.3280
November	9256.6157	8951.8460	9103.2868
December	9370.8834	9165.3014	9279.4272