2023 XCD to SGD Historical Review

YEARLY HIGH

0.5082 SGD

YEARLY LOW

0.4830 SGD

YEARLY AVERAGE

0.4969 SGD

2023 XCD to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the XCD to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 2, valuing the pair at 0.5082. Conversely, the yearly low was recorded on February 1, dropping to 0.4830.

This high-to-low spread represents a total annual volatility of 0.0252 SGD. From a start-to-finish perspective, comparing the January average rate of 0.4902 to the December average rate of 0.4926, the exchange rate registered a net change of 0.51% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5082 was down 4.53% compared to the 2022 peak of 0.5324, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,541 SGD

2022 Average 2,551 SGD

Yearly Trough Low 2,415 SGD

Transaction Impact: A difference of 126.14 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5082

0.4885

JanuMarcMayJulySeptNove

XCD 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 0.4944, compared to 0.4994 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0050 points.

H1 Avg (Jan–Jun) 0.4944

H2 Avg (Jul–Dec) 0.4994

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0165 SGD (High: 0.4995 / Low: 0.4830). On the other end, October was the most stable month, with a tight range of 0.0040 SGD (High: 0.5082 / Low: 0.5042).

February Spread (Volatile) ±0.0165

October Spread (Stable) ±0.0040

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0077 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0077

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.5065) against the same month in 2022 (average: 0.5268), the exchange rate shifted by -0.0203 (-3.85%).

2023 Avg (October) 0.5065

2022 Avg (October) 0.5268

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4979	0.4853	0.4902
February	0.4995	0.4830	0.4933
March	0.5012	0.4914	0.4962
April	0.4951	0.4893	0.4929
May	0.5013	0.4901	0.4958
June	0.5019	0.4946	0.4982
July	0.5008	0.4888	0.4940
August	0.5034	0.4939	0.4999
September	0.5080	0.5007	0.5045
October	0.5082	0.5042	0.5065
November	0.5056	0.4922	0.4989
December	0.4973	0.4883	0.4926