2023 SGD to XCD Historical Review

YEARLY HIGH

2.0703 XCD

YEARLY LOW

1.9676 XCD

YEARLY AVERAGE

2.0127 XCD

2023 SGD to XCD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to XCD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 2.0703. Conversely, the yearly low was recorded on October 2, dropping to 1.9676.

This high-to-low spread represents a total annual volatility of 0.1028 XCD. From a start-to-finish perspective, comparing the January average rate of 2.0403 to the December average rate of 2.0300, 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 2.0703 was up 2.70% compared to the 2022 peak of 2.0159, 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 10,352 XCD

2022 Average 9,805 XCD

Yearly Trough Low 9,838 XCD

Transaction Impact: A difference of 513.83 XCD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.0469

1.9676

JanuMarcMayJulySeptNove

SGD to XCD 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 2.0228, compared to 2.0027 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0201 points.

H1 Avg (Jan–Jun) 2.0228

H2 Avg (Jul–Dec) 2.0027

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0685 XCD (High: 2.0703 / Low: 2.0019). On the other end, October was the most stable month, with a tight range of 0.0157 XCD (High: 1.9833 / Low: 1.9676).

February Spread (Volatile) ±0.0685

October Spread (Stable) ±0.0157

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 0.0240 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0240

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 2.0274) against the same month in 2022 (average: 2.0057), the exchange rate shifted by +0.0217 (+1.08%).

2023 Avg (February) 2.0274

2022 Avg (February) 2.0057

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0605	2.0083	2.0403
February	2.0703	2.0019	2.0274
March	2.0352	1.9952	2.0155
April	2.0439	2.0200	2.0290
May	2.0402	1.9948	2.0170
June	2.0217	1.9926	2.0074
July	2.0460	1.9970	2.0245
August	2.0248	1.9866	2.0004
September	1.9974	1.9685	1.9823
October	1.9833	1.9676	1.9742
November	2.0316	1.9778	2.0047
December	2.0481	2.0110	2.0300