2024 CAD to SGD Historical Review

YEARLY HIGH

1.0008 SGD

YEARLY LOW

0.9423 SGD

YEARLY AVERAGE

0.9755 SGD

2024 CAD to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CAD to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 16, valuing the pair at 1.0008. Conversely, the yearly low was recorded on December 28, dropping to 0.9423.

This high-to-low spread represents a total annual volatility of 0.0585 SGD. From a start-to-finish perspective, comparing the January average rate of 0.9956 to the December average rate of 0.9474, the exchange rate registered a net change of -4.84% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.0008 was down 2.76% compared to the 2023 peak of 1.0292, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,004 SGD

2023 Average 4,974 SGD

Yearly Trough Low 4,711 SGD

Transaction Impact: A difference of 292.63 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.0017

0.9424

JanuMarcMayJulySeptNove

CAD 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 0.9917, compared to 0.9593 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0324 points.

H1 Avg (Jan–Jun) 0.9917

H2 Avg (Jul–Dec) 0.9593

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0250 SGD (High: 0.9927 / Low: 0.9677). On the other end, May was the most stable month, with a tight range of 0.0077 SGD (High: 0.9921 / Low: 0.9844).

July Spread (Volatile) ±0.0250

May Spread (Stable) ±0.0077

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 July and August, when the average rate fell by 0.0187 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0187

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.9968) against the same month in 2023 (average: 0.9906), the exchange rate shifted by +0.0062 (+0.63%).

2024 Avg (February) 0.9968

2023 Avg (February) 0.9906

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9994	0.9905	0.9956
February	1.0008	0.9912	0.9968
March	0.9989	0.9857	0.9906
April	0.9969	0.9874	0.9922
May	0.9921	0.9844	0.9883
June	0.9921	0.9804	0.9868
July	0.9927	0.9677	0.9812
August	0.9686	0.9550	0.9626
September	0.9684	0.9464	0.9563
October	0.9607	0.9470	0.9525
November	0.9640	0.9493	0.9556
December	0.9575	0.9423	0.9474