2024 CVE to SGD Historical Review

YEARLY HIGH

0.0134 SGD

YEARLY LOW

0.0127 SGD

YEARLY AVERAGE

0.0131 SGD

2024 CVE to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CVE to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 12, valuing the pair at 0.0134. Conversely, the yearly low was recorded on November 24, dropping to 0.0127.

This high-to-low spread represents a total annual volatility of 0.0007 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0132 to the December average rate of 0.0128, the exchange rate registered a net change of -2.80% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0134 was down 1.02% compared to the 2023 peak of 0.0135, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 67 SGD

2023 Average 66 SGD

Yearly Trough Low 63 SGD

Transaction Impact: A difference of 3.41 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0133

0.0128

JanuMarcMayJulySeptNove

CVE 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 0.0132, compared to 0.0130 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0132

H2 Avg (Jul–Dec) 0.0130

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0005 SGD (High: 0.0132 / Low: 0.0127). On the other end, October was the most stable month, with a tight range of 0.0001 SGD (High: 0.0130 / Low: 0.0129).

November Spread (Volatile) ±0.0005

October Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between February and May, 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 July and August, when the average rate fell by 0.0001 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.0132) against the same month in 2023 (average: 0.0132), the exchange rate shifted by -0.0000 (-0.11%).

2024 Avg (April) 0.0132

2023 Avg (April) 0.0132

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0133	0.0131	0.0132
February	0.0132	0.0131	0.0132
March	0.0133	0.0131	0.0132
April	0.0134	0.0131	0.0132
May	0.0133	0.0130	0.0132
June	0.0133	0.0131	0.0132
July	0.0133	0.0131	0.0132
August	0.0132	0.0129	0.0131
September	0.0131	0.0129	0.0130
October	0.0130	0.0129	0.0129
November	0.0132	0.0127	0.0129
December	0.0130	0.0128	0.0128