2023 SRD to IDR Historical Review

YEARLY HIGH

495.0350 IDR

YEARLY LOW

388.0702 IDR

YEARLY AVERAGE

418.0782 IDR

2023 SRD to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SRD to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 495.0350. Conversely, the yearly low was recorded on May 10, dropping to 388.0702.

This high-to-low spread represents a total annual volatility of 106.9647 IDR. From a start-to-finish perspective, comparing the January average rate of 479.1664 to the December average rate of 414.4098, the exchange rate registered a net change of -13.51% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 495.0350 was down 29.80% compared to the 2022 peak of 705.2020, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 SRD based on timing:

Yearly Peak High 2,475,175 IDR

2022 Average 3,124,901 IDR

Yearly Trough Low 1,940,351 IDR

Transaction Impact: A difference of 534,823.63 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

487.4413

388.1429

JanuMarcMayJulySeptNove

SRD to IDR 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 430.4236, compared to 405.7328 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 24.6908 points.

H1 Avg (Jan–Jun) 430.4236

H2 Avg (Jul–Dec) 405.7328

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 45.5751 IDR (High: 460.2478 / Low: 414.6728). On the other end, August was the most stable month, with a tight range of 9.7519 IDR (High: 402.3431 / Low: 392.5912).

March Spread (Volatile) ±45.5751

August Spread (Stable) ±9.7519

Growth Streaks & Declines

Trends

Between July and October, 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 March and April, when the average rate fell by 38.0241 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -38.0241

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 479.1664) against the same month in 2022 (average: 677.4935), the exchange rate shifted by -198.3271 (-29.27%).

2023 Avg (January) 479.1664

2022 Avg (January) 677.4935

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	495.0350	462.7259	479.1664
February	470.6918	448.9234	462.3683
March	460.2478	414.6728	442.4883
April	417.3537	393.3015	404.4641
May	402.3818	388.0702	397.5827
June	401.6164	389.9104	396.4717
July	405.9459	390.0030	396.4177
August	402.3431	392.5912	398.8887
September	407.5940	394.7097	401.4515
October	418.5339	403.3003	413.1213
November	417.1818	404.3597	410.1077
December	419.0208	407.5749	414.4098