2024 MVR to SGD Historical Review

YEARLY HIGH

0.0937 SGD

YEARLY LOW

0.0833 SGD

YEARLY AVERAGE

0.0868 SGD

2024 MVR to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MVR to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 0.0937. Conversely, the yearly low was recorded on September 28, dropping to 0.0833.

This high-to-low spread represents a total annual volatility of 0.0103 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0867 to the December average rate of 0.0877, the exchange rate registered a net change of 1.09% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0937 was up 4.67% compared to the 2023 peak of 0.0895, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 468 SGD

2023 Average 437 SGD

Yearly Trough Low 417 SGD

Transaction Impact: A difference of 51.65 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0882

0.0840

JanuMarcMayJulySeptNove

MVR 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 0.0874, compared to 0.0862 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.0874

H2 Avg (Jul–Dec) 0.0862

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0067 SGD (High: 0.0937 / Low: 0.0870). On the other end, February was the most stable month, with a tight range of 0.0012 SGD (High: 0.0880 / Low: 0.0868).

May Spread (Volatile) ±0.0067

February Spread (Stable) ±0.0012

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 July and August, when the average rate fell by 0.0019 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0019

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 0.0876) against the same month in 2023 (average: 0.0873), the exchange rate shifted by +0.0003 (+0.31%).

2024 Avg (May) 0.0876

2023 Avg (May) 0.0873

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0872	0.0857	0.0867
February	0.0880	0.0868	0.0874
March	0.0874	0.0857	0.0869
April	0.0883	0.0870	0.0878
May	0.0937	0.0870	0.0876
June	0.0889	0.0874	0.0879
July	0.0882	0.0868	0.0874
August	0.0871	0.0846	0.0855
September	0.0851	0.0833	0.0844
October	0.0862	0.0839	0.0854
November	0.0873	0.0852	0.0866
December	0.0888	0.0868	0.0877