2024 GMD to SGD Historical Review

YEARLY HIGH

0.0201 SGD

YEARLY LOW

0.0183 SGD

YEARLY AVERAGE

0.0194 SGD

2024 GMD to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GMD to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 0.0201. Conversely, the yearly low was recorded on September 12, dropping to 0.0183.

This high-to-low spread represents a total annual volatility of 0.0018 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0199 to the December average rate of 0.0188, the exchange rate registered a net change of -5.23% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0201 was down 11.52% compared to the 2023 peak of 0.0228, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 101 SGD

2023 Average 108 SGD

Yearly Trough Low 92 SGD

Transaction Impact: A difference of 9.13 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0201

0.0185

JanuMarcMayJulySeptNove

GMD 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 0.0199, compared to 0.0190 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.0199

H2 Avg (Jul–Dec) 0.0190

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0010 SGD (High: 0.0194 / Low: 0.0183). On the other end, February was the most stable month, with a tight range of 0.0002 SGD (High: 0.0200 / Low: 0.0198).

August Spread (Volatile) ±0.0010

February Spread (Stable) ±0.0002

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 0.0010 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.0200) against the same month in 2023 (average: 0.0215), the exchange rate shifted by -0.0015 (-7.19%).

2024 Avg (April) 0.0200

2023 Avg (April) 0.0215

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0200	0.0196	0.0199
February	0.0200	0.0198	0.0199
March	0.0199	0.0196	0.0197
April	0.0201	0.0198	0.0200
May	0.0201	0.0198	0.0199
June	0.0201	0.0199	0.0200
July	0.0200	0.0192	0.0198
August	0.0194	0.0183	0.0188
September	0.0189	0.0183	0.0186
October	0.0193	0.0185	0.0189
November	0.0190	0.0184	0.0188
December	0.0190	0.0186	0.0188