2024 CAD to SYP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 CAD to SYP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the CAD to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 9060.0968. Conversely, the yearly low was recorded on December 18, dropping to 1737.3023.
This high-to-low spread represents a total annual volatility of 7322.7945 SYP. From a start-to-finish perspective, comparing the January average rate of 1872.5432 to the December average rate of 4349.5392, the exchange rate registered a net change of 132.28% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 9060.0968 was up 372.85% compared to the 2023 peak of 1916.0677, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
CAD to SYP Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 1849.6843, compared to 2249.5932 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 399.9089 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 7322.7945 SYP (High: 9060.0968 / Low: 1737.3023). On the other end, May was the most stable month, with a tight range of 18.2327 SYP (High: 1847.7080 / Low: 1829.4753).
Growth Streaks & Declines
TrendsBetween July and September, 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 29.1672 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 4349.5392) against the same month in 2023 (average: 1873.6879), the exchange rate shifted by +2475.8513 (+132.14%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1897.0566 | 1857.5627 | 1872.5432 |
| February | 1877.1657 | 1850.4637 | 1861.8800 |
| March | 1867.5744 | 1843.9910 | 1855.5324 |
| April | 1857.7632 | 1817.8418 | 1836.6311 |
| May | 1847.7080 | 1829.4753 | 1838.3188 |
| June | 1844.7953 | 1823.6473 | 1833.2004 |
| July | 1845.3522 | 1813.1794 | 1831.9782 |
| August | 1868.3563 | 1809.8554 | 1838.5789 |
| September | 1872.1094 | 1846.0504 | 1854.5162 |
| October | 1861.8919 | 1803.0265 | 1826.0569 |
| November | 1816.0929 | 1781.7466 | 1796.8897 |
| December | 9060.0968 | 1737.3023 | 4349.5392 |