2024 CNY to SGD Historical Review

YEARLY HIGH

0.1917 SGD

YEARLY LOW

0.1824 SGD

YEARLY AVERAGE

0.1862 SGD

2024 CNY to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CNY to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 21, valuing the pair at 0.1917. Conversely, the yearly low was recorded on September 24, dropping to 0.1824.

This high-to-low spread represents a total annual volatility of 0.0093 SGD. From a start-to-finish perspective, comparing the January average rate of 0.1879 to the December average rate of 0.1855, the exchange rate registered a net change of -1.24% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1917 was down 2.66% compared to the 2023 peak of 0.1970, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 CNY based on timing:

Yearly Peak High 4,793 SGD

2023 Average 4,748 SGD

Yearly Trough Low 4,560 SGD

Transaction Impact: A difference of 233.56 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1890

0.1826

JanuMarcMayJulySeptNove

CNY 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 0.1876, compared to 0.1848 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0029 points.

H1 Avg (Jan–Jun) 0.1876

H2 Avg (Jul–Dec) 0.1848

Volatility Range Comparison

Volatility

The most volatile month in 2024 was April, with a trading range of 0.0058 SGD (High: 0.1917 / Low: 0.1860). On the other end, November was the most stable month, with a tight range of 0.0016 SGD (High: 0.1862 / Low: 0.1846).

April Spread (Volatile) ±0.0058

November Spread (Stable) ±0.0016

Growth Streaks & Declines

Trends

Between September and December, 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 June and July, when the average rate fell by 0.0020 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0020

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.1878) against the same month in 2023 (average: 0.1934), the exchange rate shifted by -0.0056 (-2.91%).

2024 Avg (April) 0.1878

2023 Avg (April) 0.1934

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1893	0.1857	0.1879
February	0.1896	0.1866	0.1879
March	0.1879	0.1852	0.1864
April	0.1917	0.1860	0.1878
May	0.1911	0.1861	0.1885
June	0.1905	0.1858	0.1874
July	0.1883	0.1845	0.1855
August	0.1861	0.1826	0.1841
September	0.1841	0.1824	0.1831
October	0.1859	0.1832	0.1849
November	0.1862	0.1846	0.1854
December	0.1873	0.1844	0.1855