2023 SVC to SGD Historical Review

YEARLY HIGH

0.1572 SGD

YEARLY LOW

0.1492 SGD

YEARLY AVERAGE

0.1535 SGD

2023 SVC to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SVC to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 21, valuing the pair at 0.1572. Conversely, the yearly low was recorded on February 1, dropping to 0.1492.

This high-to-low spread represents a total annual volatility of 0.0081 SGD. From a start-to-finish perspective, comparing the January average rate of 0.1514 to the December average rate of 0.1520, the exchange rate registered a net change of 0.41% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1572 was down 4.40% compared to the 2022 peak of 0.1645, 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 786 SGD

2022 Average 788 SGD

Yearly Trough Low 746 SGD

Transaction Impact: A difference of 40.27 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1571

0.1509

JanuMarcMayJulySeptNove

SVC 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 0.1528, compared to 0.1543 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0015 points.

H1 Avg (Jan–Jun) 0.1528

H2 Avg (Jul–Dec) 0.1543

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0052 SGD (High: 0.1544 / Low: 0.1492). On the other end, October was the most stable month, with a tight range of 0.0016 SGD (High: 0.1572 / Low: 0.1557).

February Spread (Volatile) ±0.0052

October Spread (Stable) ±0.0016

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 October and November, when the average rate fell by 0.0023 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0023

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.1566) against the same month in 2022 (average: 0.1627), the exchange rate shifted by -0.0062 (-3.80%).

2023 Avg (October) 0.1566

2022 Avg (October) 0.1627

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1538	0.1497	0.1514
February	0.1544	0.1492	0.1523
March	0.1555	0.1518	0.1535
April	0.1546	0.1511	0.1524
May	0.1549	0.1513	0.1532
June	0.1555	0.1527	0.1539
July	0.1556	0.1511	0.1528
August	0.1555	0.1525	0.1544
September	0.1567	0.1546	0.1558
October	0.1572	0.1557	0.1566
November	0.1563	0.1521	0.1543
December	0.1535	0.1501	0.1520