2024 BGN to SGD Historical Review

YEARLY HIGH

0.7506 SGD

YEARLY LOW

0.7156 SGD

YEARLY AVERAGE

0.7393 SGD

2024 BGN to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BGN to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 31, valuing the pair at 0.7506. Conversely, the yearly low was recorded on November 24, dropping to 0.7156.

This high-to-low spread represents a total annual volatility of 0.0350 SGD. From a start-to-finish perspective, comparing the January average rate of 0.7451 to the December average rate of 0.7235, the exchange rate registered a net change of -2.90% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.7506 was down 1.22% compared to the 2023 peak of 0.7599, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,753 SGD

2023 Average 3,714 SGD

Yearly Trough Low 3,578 SGD

Transaction Impact: A difference of 174.88 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.7491

0.7212

JanuMarcMayJulySeptNove

BGN 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 0.7447, compared to 0.7339 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0107 points.

H1 Avg (Jan–Jun) 0.7447

H2 Avg (Jul–Dec) 0.7339

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0221 SGD (High: 0.7377 / Low: 0.7156). On the other end, December was the most stable month, with a tight range of 0.0049 SGD (High: 0.7257 / Low: 0.7208).

November Spread (Volatile) ±0.0221

December Spread (Stable) ±0.0049

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0057 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0057

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 0.7468) against the same month in 2023 (average: 0.7445), the exchange rate shifted by +0.0023 (+0.30%).

2024 Avg (May) 0.7468

2023 Avg (May) 0.7445

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7475	0.7415	0.7451
February	0.7464	0.7389	0.7423
March	0.7493	0.7431	0.7455
April	0.7489	0.7405	0.7442
May	0.7506	0.7423	0.7468
June	0.7503	0.7408	0.7443
July	0.7498	0.7396	0.7467
August	0.7450	0.7374	0.7414
September	0.7397	0.7309	0.7359
October	0.7345	0.7262	0.7302
November	0.7377	0.7156	0.7260
December	0.7257	0.7208	0.7235