2023 SGD to WST Historical Review

YEARLY HIGH

2.1220 WST

YEARLY LOW

1.9792 WST

YEARLY AVERAGE

2.0345 WST

2023 SGD to WST Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to WST exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 2.1220. Conversely, the yearly low was recorded on October 2, dropping to 1.9792.

This high-to-low spread represents a total annual volatility of 0.1428 WST. From a start-to-finish perspective, comparing the January average rate of 2.0365 to the December average rate of 2.1032, the exchange rate registered a net change of 3.27% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.1220 was up 2.81% compared to the 2022 peak of 2.0640, 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 10,610 WST

2022 Average 9,703 WST

Yearly Trough Low 9,896 WST

Transaction Impact: A difference of 713.90 WST purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.1141

1.9831

JanuMarcMayJulySeptNove

SGD to WST 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 2.0296, compared to 2.0394 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0098 points.

H1 Avg (Jan–Jun) 2.0296

H2 Avg (Jul–Dec) 2.0394

Volatility Range Comparison

Volatility

The most volatile month in 2023 was October, with a trading range of 0.0724 WST (High: 2.0516 / Low: 1.9792). On the other end, April was the most stable month, with a tight range of 0.0242 WST (High: 2.0613 / Low: 2.0371).

October Spread (Volatile) ±0.0724

April Spread (Stable) ±0.0242

Growth Streaks & Declines

Trends

Between September and December, 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 July and August, when the average rate fell by 0.0288 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0288

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 2.1032) against the same month in 2022 (average: 1.9973), the exchange rate shifted by +0.1059 (+5.30%).

2023 Avg (December) 2.1032

2022 Avg (December) 1.9973

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0567	2.0046	2.0365
February	2.0665	1.9982	2.0236
March	2.0480	1.9915	2.0125
April	2.0613	2.0371	2.0462
May	2.0575	2.0117	2.0341
June	2.0389	2.0095	2.0244
July	2.0634	2.0140	2.0410
August	2.0367	1.9983	2.0122
September	2.0092	1.9801	1.9940
October	2.0516	1.9792	2.0089
November	2.1048	2.0492	2.0769
December	2.1220	2.0835	2.1032