Sudanese Pound (SDG) To US Dollar (USD) Exchange Rate History for 2023

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The year 2023 was marked by significant volatility in the value of the Sudanese Pound (SDG) against the US Dollar (USD), reflecting ongoing economic instability in Sudan. This comprehensive review provides a detailed look at the SDG to USD exchange rate throughout 2023, including monthly trends, key fluctuations, and insights into what drove changes in currency value.

Key Exchange Rate Highlights for 2023

At the start of 2023, the Sudanese Pound was already under pressure due to inflation, political unrest, and a struggling economy. Over the course of the year:

Despite a brief spike in November, the overall trend showed a decline of -4.91% in the value of the Sudanese Pound compared to the US Dollar over the year.

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Monthly Breakdown of SDG to USD Exchange Rates

January 2023: Gradual Decline Begins

The year opened with the exchange rate at 1 SDG = 0.001750 USD. However, a steady decline followed throughout the month, ending at 0.001717 USD by January 31. This early drop signaled continued loss of confidence in the local currency.

February 2023: Downward Momentum Continues

February saw further depreciation, closing at 0.001696 USD, with minimal recovery during mid-month. The downward trend reflected sustained inflationary pressures and limited foreign reserves.

March 2023: Sharp Spike Followed by Collapse

March was highly volatile. After dipping to 0.001679 by month-end, there was a surprising jump to 0.001758 mid-month—likely due to temporary central bank intervention or speculative trading.

April 2023: Rebound and Instability

April began weak but saw a sharp rebound on April 25 (0.001747), followed by a quick fall back to 0.001665. This inconsistency suggests market uncertainty and lack of structural economic support.

May–July: Extended Period of Stability at Lower Levels

From May through July, the exchange rate stabilized around 0.001663–0.001668, indicating a new baseline despite poor economic fundamentals. The rate hovered near its annual low for most of this period.

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August–October: Minimal Fluctuation

The Sudanese Pound showed little movement during these months, consistently trading between 0.001663 and 0.001667. This stagnation suggests limited liquidity and reduced market activity amid ongoing conflict and capital controls.

November 2023: Record High Amid Unusual Surge

On November 20, the SDG unexpectedly surged to 1 SDG = 0.001832 USD, a yearly high. This anomaly may have been caused by short-term policy changes, speculative behavior, or data reporting irregularities rather than genuine economic improvement.

December 2023: Return to Baseline

By December, the rate returned to its pre-surge level and remained stable at 0.001664 USD throughout the month—consistent with broader trends of depreciation and economic fragility.

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Frequently Asked Questions (FAQs)

What was the average SDG to USD exchange rate in 2023?

The average exchange rate for the year was 1 Sudanese Pound = 0.001677 US Dollar.

When did the Sudanese Pound reach its highest value against the USD in 2023?

The peak occurred on November 20, 2023, when 1 SDG = 0.001832 USD, marking a temporary spike amid otherwise declining trends.

What was the lowest exchange rate between SDG and USD in 2023?

The weakest point was on June 6, 2023, when the rate hit 1 SDG = 0.001663 USD, reflecting deep economic challenges.

Why did the exchange rate spike in November 2023?

While exact causes are unclear, the spike may have resulted from short-term interventions, speculative trading, or discrepancies in parallel market reporting rather than fundamental improvements.

How much has the Sudanese Pound depreciated over time?

Since the early 2019 devaluation and separation from South Sudan’s economy, the pound has lost over 99% of its value against the dollar, with hyperinflation and conflict accelerating the decline.

Is the official exchange rate accurate?

Official rates often differ significantly from black-market or parallel market rates due to capital controls and shortages of foreign currency. Most individuals and businesses rely on informal markets for accurate pricing.

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