2023 SRD to SGD Historical Review

YEARLY HIGH

0.0426 SGD

YEARLY LOW

0.0344 SGD

YEARLY AVERAGE

0.0368 SGD

2023 SRD to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SRD to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.0426. Conversely, the yearly low was recorded on July 31, dropping to 0.0344.

This high-to-low spread represents a total annual volatility of 0.0082 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0416 to the December average rate of 0.0356, the exchange rate registered a net change of -14.42% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0426 was down 36.25% compared to the 2022 peak of 0.0668, 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 213 SGD

2022 Average 291 SGD

Yearly Trough Low 172 SGD

Transaction Impact: A difference of 40.76 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0423

0.0345

JanuMarcMayJulySeptNove

SRD to SGD 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 0.0381, compared to 0.0355 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0026 points.

H1 Avg (Jan–Jun) 0.0381

H2 Avg (Jul–Dec) 0.0355

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0035 SGD (High: 0.0404 / Low: 0.0369). On the other end, October was the most stable month, with a tight range of 0.0005 SGD (High: 0.0361 / Low: 0.0357).

March Spread (Volatile) ±0.0035

October Spread (Stable) ±0.0005

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 0.0026 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0026

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0416) against the same month in 2022 (average: 0.0638), the exchange rate shifted by -0.0222 (-34.78%).

2023 Avg (January) 0.0416

2022 Avg (January) 0.0638

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0426	0.0406	0.0416
February	0.0412	0.0397	0.0406
March	0.0404	0.0369	0.0388
April	0.0371	0.0356	0.0362
May	0.0363	0.0350	0.0359
June	0.0362	0.0351	0.0357
July	0.0365	0.0344	0.0351
August	0.0356	0.0346	0.0353
September	0.0359	0.0351	0.0356
October	0.0361	0.0357	0.0359
November	0.0359	0.0351	0.0355
December	0.0359	0.0352	0.0356