2023 SGD to YER Historical Review

YEARLY HIGH

191.8245 YER

YEARLY LOW

182.2355 YER

YEARLY AVERAGE

186.4248 YER

2023 SGD to YER Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to YER exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 191.8245. Conversely, the yearly low was recorded on October 18, dropping to 182.2355.

This high-to-low spread represents a total annual volatility of 9.5890 YER. From a start-to-finish perspective, comparing the January average rate of 188.9856 to the December average rate of 187.9523, the exchange rate registered a net change of -0.55% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 191.8245 was up 2.74% compared to the 2022 peak of 186.7094, 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 959,122 YER

2022 Average 907,917 YER

Yearly Trough Low 911,177 YER

Transaction Impact: A difference of 47,945.09 YER purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

189.5967

182.2636

JanuMarcMayJulySeptNove

SGD to YER 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 187.3618, compared to 185.4879 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.8739 points.

H1 Avg (Jan–Jun) 187.3618

H2 Avg (Jul–Dec) 185.4879

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 6.3800 YER (High: 191.8245 / Low: 185.4445). On the other end, October was the most stable month, with a tight range of 1.4860 YER (High: 183.7215 / Low: 182.2355).

February Spread (Volatile) ±6.3800

October Spread (Stable) ±1.4860

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 2.2377 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -2.2377

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 187.7994) against the same month in 2022 (average: 185.7296), the exchange rate shifted by +2.0697 (+1.11%).

2023 Avg (February) 187.7994

2022 Avg (February) 185.7296

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	190.8738	186.0033	188.9856
February	191.8245	185.4445	187.7994
March	188.5307	184.8263	186.6747
April	189.2828	187.1179	187.9438
May	188.9550	184.7874	186.8245
June	187.2466	184.5811	185.9424
July	189.5298	184.9915	187.5157
August	187.5646	183.9934	185.2781
September	184.9529	182.3499	183.6213
October	183.7215	182.2355	182.8747
November	188.1761	183.1800	185.6851
December	189.6643	186.2676	187.9523