2023 WST to SGD Historical Review

YEARLY HIGH

0.5053 SGD

YEARLY LOW

0.4713 SGD

YEARLY AVERAGE

0.4917 SGD

2023 WST to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the WST to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 2, valuing the pair at 0.5053. Conversely, the yearly low was recorded on December 31, dropping to 0.4713.

This high-to-low spread represents a total annual volatility of 0.0340 SGD. From a start-to-finish perspective, comparing the January average rate of 0.4911 to the December average rate of 0.4755, the exchange rate registered a net change of -3.17% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5053 was down 6.60% compared to the 2022 peak of 0.5410, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,526 SGD

2022 Average 2,578 SGD

Yearly Trough Low 2,356 SGD

Transaction Impact: A difference of 169.98 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5041

0.4729

JanuMarcMayJulySeptNove

WST 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 0.4927, compared to 0.4906 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0022 points.

H1 Avg (Jan–Jun) 0.4927

H2 Avg (Jul–Dec) 0.4906

Volatility Range Comparison

Volatility

The most volatile month in 2023 was October, with a trading range of 0.0178 SGD (High: 0.5053 / Low: 0.4874). On the other end, April was the most stable month, with a tight range of 0.0058 SGD (High: 0.4909 / Low: 0.4851).

October Spread (Volatile) ±0.0178

April Spread (Stable) ±0.0058

Growth Streaks & Declines

Trends

Between January and March, 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 October and November, when the average rate fell by 0.0164 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0164

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.4979) against the same month in 2022 (average: 0.5076), the exchange rate shifted by -0.0097 (-1.91%).

2023 Avg (October) 0.4979

2022 Avg (October) 0.5076

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4989	0.4862	0.4911
February	0.5005	0.4839	0.4942
March	0.5021	0.4883	0.4969
April	0.4909	0.4851	0.4887
May	0.4971	0.4860	0.4916
June	0.4976	0.4905	0.4940
July	0.4965	0.4846	0.4900
August	0.5004	0.4910	0.4970
September	0.5050	0.4977	0.5015
October	0.5053	0.4874	0.4979
November	0.4880	0.4751	0.4815
December	0.4800	0.4713	0.4755