2023 SZL to SGD Historical Review

YEARLY HIGH

0.0794 SGD

YEARLY LOW

0.0681 SGD

YEARLY AVERAGE

0.0729 SGD

2023 SZL to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SZL to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 0.0794. Conversely, the yearly low was recorded on June 1, dropping to 0.0681.

This high-to-low spread represents a total annual volatility of 0.0113 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0775 to the December average rate of 0.0715, the exchange rate registered a net change of -7.75% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0794 was down 15.34% compared to the 2022 peak of 0.0938, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 397 SGD

2022 Average 423 SGD

Yearly Trough Low 341 SGD

Transaction Impact: A difference of 56.44 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0782

0.0697

JanuMarcMayJulySeptNove

SZL 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 0.0735, compared to 0.0722 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0013 points.

H1 Avg (Jan–Jun) 0.0735

H2 Avg (Jul–Dec) 0.0722

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0057 SGD (High: 0.0738 / Low: 0.0681). On the other end, September was the most stable month, with a tight range of 0.0020 SGD (High: 0.0730 / Low: 0.0710).

June Spread (Volatile) ±0.0057

September Spread (Stable) ±0.0020

Growth Streaks & Declines

Trends

Between May and July, 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 April and May, when the average rate fell by 0.0031 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0031

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0775) against the same month in 2022 (average: 0.0873), the exchange rate shifted by -0.0098 (-11.27%).

2023 Avg (January) 0.0775

2022 Avg (January) 0.0873

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0794	0.0754	0.0775
February	0.0772	0.0731	0.0745
March	0.0747	0.0719	0.0735
April	0.0751	0.0721	0.0735
May	0.0728	0.0683	0.0704
June	0.0738	0.0681	0.0720
July	0.0758	0.0711	0.0733
August	0.0741	0.0697	0.0719
September	0.0730	0.0710	0.0719
October	0.0729	0.0704	0.0718
November	0.0743	0.0709	0.0728
December	0.0731	0.0696	0.0715