2023 SZL to THB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SZL to THB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SZL to THB exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 2.0396. Conversely, the yearly low was recorded on June 1, dropping to 1.7493.
This high-to-low spread represents a total annual volatility of 0.2903 THB. From a start-to-finish perspective, comparing the January average rate of 1.9418 to the December average rate of 1.8733, the exchange rate registered a net change of -3.53% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 2.0396 was down 11.78% compared to the 2022 peak of 2.3121, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SZL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SZL to THB Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 1.8793, compared to 1.8929 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0136 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 0.1691 THB (High: 1.9184 / Low: 1.7493). On the other end, February was the most stable month, with a tight range of 0.0637 THB (High: 1.9414 / Low: 1.8777).
Growth Streaks & Declines
TrendsBetween August and November, 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 April and May, when the average rate fell by 0.0897 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 1.9418) against the same month in 2022 (average: 2.1475), the exchange rate shifted by -0.2057 (-9.58%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 2.0396 | 1.8854 | 1.9418 |
| February | 1.9414 | 1.8777 | 1.9034 |
| March | 1.9160 | 1.8439 | 1.8857 |
| April | 1.9312 | 1.8531 | 1.8853 |
| May | 1.8618 | 1.7547 | 1.7956 |
| June | 1.9184 | 1.7493 | 1.8641 |
| July | 1.9627 | 1.8452 | 1.9009 |
| August | 1.9035 | 1.8170 | 1.8661 |
| September | 1.9326 | 1.8499 | 1.8893 |
| October | 1.9423 | 1.8711 | 1.9136 |
| November | 1.9592 | 1.8611 | 1.9142 |
| December | 1.9137 | 1.8282 | 1.8733 |