2023 SGD to PHP Historical Review

YEARLY HIGH

42.2538 PHP

YEARLY LOW

40.4940 PHP

YEARLY AVERAGE

41.4131 PHP

2023 SGD to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on April 18, valuing the pair at 42.2538. Conversely, the yearly low was recorded on February 5, dropping to 40.4940.

This high-to-low spread represents a total annual volatility of 1.7598 PHP. From a start-to-finish perspective, comparing the January average rate of 41.4699 to the December average rate of 41.7024, the exchange rate registered a net change of 0.56% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 42.2538 was up 0.89% compared to the 2022 peak of 41.8820, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 211,269 PHP

2022 Average 197,615 PHP

Yearly Trough Low 202,470 PHP

Transaction Impact: A difference of 8,799.17 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

41.7910

40.7275

JanuMarcMayJulySeptNove

SGD to PHP 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 41.3316, compared to 41.4946 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1630 points.

H1 Avg (Jan–Jun) 41.3316

H2 Avg (Jul–Dec) 41.4946

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 1.5670 PHP (High: 42.2538 / Low: 40.6868). On the other end, October was the most stable month, with a tight range of 0.4605 PHP (High: 41.7456 / Low: 41.2851).

April Spread (Volatile) ±1.5670

October Spread (Stable) ±0.4605

Growth Streaks & Declines

Trends

Between March and May, 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 February and March, when the average rate fell by 0.3319 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3319

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 41.4817) against the same month in 2022 (average: 38.0903), the exchange rate shifted by +3.3913 (+8.90%).

2023 Avg (April) 41.4817

2022 Avg (April) 38.0903

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	41.7188	41.1385	41.4699
February	41.6076	40.4940	41.1481
March	41.2656	40.5557	40.8162
April	42.2538	40.6868	41.4817
May	42.0174	41.2668	41.6205
June	41.7552	40.8714	41.4532
July	41.3479	40.8628	41.1276
August	42.0702	41.1327	41.6754
September	41.9711	41.4688	41.6562
October	41.7456	41.2851	41.4782
November	41.6983	41.0908	41.3275
December	42.1111	41.2245	41.7024

2023 இந்திய ரூபாய் முதல் பவுண்ட் வரையிலான வரலாற்று ஆய்வு