YEARLY HIGH
17484.8245 STD
YEARLY LOW
16222.1941 STD
YEARLY AVERAGE
16826.6727 STD

2023 SGD to STD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 17484.8245. Conversely, the yearly low was recorded on October 2, dropping to 16222.1941.

This high-to-low spread represents a total annual volatility of 1262.6304 STD. From a start-to-finish perspective, comparing the January average rate of 17231.1043 to the December average rate of 16736.4436, the exchange rate registered a net change of -2.87% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 17484.8245 was up 2.58% compared to the 2022 peak of 17045.3145, 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 87,424,122 STD
2022 Average 80,410,550 STD
Yearly Trough Low 81,110,970 STD
Transaction Impact: A difference of 6,313,152.12 STD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

17326.4997
16181.7547
JanuMarcMayJulySeptNove

SGD to STD 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 17082.9339, compared to 16570.4116 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 512.5223 points.

H1 Avg (Jan–Jun) 17082.9339
H2 Avg (Jul–Dec) 16570.4116

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 578.1649 STD (High: 17484.8245 / Low: 16906.6596). On the other end, October was the most stable month, with a tight range of 129.5004 STD (High: 16351.6945 / Low: 16222.1941).

February Spread (Volatile) ±578.1649
October Spread (Stable) ±129.5004

Growth Streaks & Declines

Trends

Between October and December, 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 July and August, when the average rate fell by 551.8133 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -551.8133

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 17122.0940) against the same month in 2022 (average: 15693.8247), the exchange rate shifted by +1428.2693 (+9.10%).

2023 Avg (February) 17122.0940
2022 Avg (February) 15693.8247

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 17401.6396 16960.9976 17231.1043
February 17484.8245 16906.6596 17122.0940
March 17188.0341 16850.3047 17021.9870
April 17261.7661 17059.2324 17135.4931
May 17230.1526 16846.7600 17034.0729
June 17074.3679 16827.9423 16952.8520
July 17279.1207 16735.9938 17044.7512
August 16693.7381 16379.1602 16492.9379
September 16468.0023 16229.6145 16343.3785
October 16351.6945 16222.1941 16277.1502
November 16749.8327 16306.7470 16527.8083
December 16886.2280 16579.9539 16736.4436