2023 SVC to INR Historical Review

YEARLY HIGH

9.5826 INR

YEARLY LOW

9.2555 INR

YEARLY AVERAGE

9.4410 INR

2023 SVC to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SVC to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on November 5, valuing the pair at 9.5826. Conversely, the yearly low was recorded on January 22, dropping to 9.2555.

This high-to-low spread represents a total annual volatility of 0.3272 INR. From a start-to-finish perspective, comparing the January average rate of 9.3398 to the December average rate of 9.5037, the exchange rate registered a net change of 1.75% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 9.5826 was up 0.44% compared to the 2022 peak of 9.5406, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 47,913 INR

2022 Average 44,914 INR

Yearly Trough Low 46,277 INR

Transaction Impact: A difference of 1,635.83 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

9.5466

9.3210

JanuMarcMayJulySeptNove

SVC to INR 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 9.3961, compared to 9.4859 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0898 points.

H1 Avg (Jan–Jun) 9.3961

H2 Avg (Jul–Dec) 9.4859

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.2296 INR (High: 9.5664 / Low: 9.3368). On the other end, September was the most stable month, with a tight range of 0.0818 INR (High: 9.5311 / Low: 9.4493).

March Spread (Volatile) ±0.2296

September Spread (Stable) ±0.0818

Growth Streaks & Declines

Trends

Between June and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0371 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0371

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 9.5278) against the same month in 2022 (average: 9.3309), the exchange rate shifted by +0.1969 (+2.11%).

2023 Avg (November) 9.5278

2022 Avg (November) 9.3309

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.4610	9.2555	9.3398
February	9.5131	9.3254	9.4426
March	9.5664	9.3368	9.4131
April	9.4669	9.3367	9.3760
May	9.5005	9.3404	9.4125
June	9.4471	9.3553	9.3929
July	9.5154	9.3562	9.4046
August	9.5299	9.4025	9.4677
September	9.5311	9.4493	9.4932
October	9.5551	9.4695	9.5185
November	9.5826	9.4921	9.5278
December	9.5336	9.4251	9.5037