2023 THB to SGD Historical Review

YEARLY HIGH

0.0404 SGD

YEARLY LOW

0.0369 SGD

YEARLY AVERAGE

0.0386 SGD

2023 THB to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the THB to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 21, valuing the pair at 0.0404. Conversely, the yearly low was recorded on October 6, dropping to 0.0369.

This high-to-low spread represents a total annual volatility of 0.0035 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0399 to the December average rate of 0.0381, the exchange rate registered a net change of -4.39% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0404 was down 3.41% compared to the 2022 peak of 0.0419, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 THB based on timing:

Yearly Peak High 10,107 SGD

2022 Average 9,852 SGD

Yearly Trough Low 9,227 SGD

Transaction Impact: A difference of 880.44 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0401

0.0373

JanuMarcMayJulySeptNove

THB 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 0.0391, compared to 0.0382 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0010 points.

H1 Avg (Jan–Jun) 0.0391

H2 Avg (Jul–Dec) 0.0382

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0017 SGD (High: 0.0404 / Low: 0.0387). On the other end, April was the most stable month, with a tight range of 0.0006 SGD (High: 0.0393 / Low: 0.0387).

January Spread (Volatile) ±0.0017

April Spread (Stable) ±0.0006

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 January and February, when the average rate fell by 0.0008 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0399) against the same month in 2022 (average: 0.0407), the exchange rate shifted by -0.0008 (-1.86%).

2023 Avg (January) 0.0399

2022 Avg (January) 0.0407

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0404	0.0387	0.0399
February	0.0399	0.0383	0.0391
March	0.0398	0.0386	0.0390
April	0.0393	0.0387	0.0390
May	0.0397	0.0389	0.0392
June	0.0390	0.0380	0.0386
July	0.0389	0.0382	0.0386
August	0.0389	0.0383	0.0386
September	0.0386	0.0373	0.0381
October	0.0380	0.0369	0.0375
November	0.0386	0.0377	0.0381
December	0.0386	0.0376	0.0381