2023 TWD to SYP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 TWD to SYP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the TWD to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 2, valuing the pair at 84.5571. Conversely, the yearly low was recorded on October 28, dropping to 77.3586.
This high-to-low spread represents a total annual volatility of 7.1985 SYP. From a start-to-finish perspective, comparing the January average rate of 82.6753 to the December average rate of 80.5006, the exchange rate registered a net change of -2.63% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 84.5571 was down 7.64% compared to the 2022 peak of 91.5479, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TWD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
TWD to SYP 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 82.2512, compared to 79.1840 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.0673 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 2.7236 SYP (High: 80.2905 / Low: 77.5669). On the other end, May was the most stable month, with a tight range of 0.6630 SYP (High: 82.1725 / Low: 81.5095).
Growth Streaks & Declines
TrendsBetween 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 1.5958 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 82.9985) against the same month in 2022 (average: 90.1420), the exchange rate shifted by -7.1435 (-7.92%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 83.6228 | 81.7511 | 82.6753 |
| February | 84.5571 | 81.8920 | 82.9985 |
| March | 82.8264 | 81.4601 | 82.2391 |
| April | 82.6479 | 81.6799 | 82.2187 |
| May | 82.1725 | 81.5095 | 81.8350 |
| June | 82.1120 | 80.6298 | 81.5410 |
| July | 81.4580 | 79.9029 | 80.5627 |
| August | 79.5104 | 78.5364 | 78.9669 |
| September | 78.8252 | 77.9171 | 78.4585 |
| October | 78.4247 | 77.3586 | 77.8291 |
| November | 80.2905 | 77.5669 | 78.7860 |
| December | 81.8852 | 79.6844 | 80.5006 |