2024 MXN to SGD Historical Review

YEARLY HIGH

0.0825 SGD

YEARLY LOW

0.0649 SGD

YEARLY AVERAGE

0.0734 SGD

2024 MXN to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MXN to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 8, valuing the pair at 0.0825. Conversely, the yearly low was recorded on September 10, dropping to 0.0649.

This high-to-low spread represents a total annual volatility of 0.0176 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0783 to the December average rate of 0.0667, the exchange rate registered a net change of -14.82% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0825 was up 1.88% compared to the 2023 peak of 0.0810, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 MXN based on timing:

Yearly Peak High 4,126 SGD

2023 Average 3,792 SGD

Yearly Trough Low 3,245 SGD

Transaction Impact: A difference of 881.35 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0823

0.0643

JanuMarcMayJulySeptNove

MXN 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 0.0788, compared to 0.0680 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0107 points.

H1 Avg (Jan–Jun) 0.0788

H2 Avg (Jul–Dec) 0.0680

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0078 SGD (High: 0.0797 / Low: 0.0719). On the other end, February was the most stable month, with a tight range of 0.0009 SGD (High: 0.0792 / Low: 0.0783).

June Spread (Volatile) ±0.0078

February Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between January and April, 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 May and June, when the average rate fell by 0.0060 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0060

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.0808) against the same month in 2023 (average: 0.0737), the exchange rate shifted by +0.0070 (+9.54%).

2024 Avg (April) 0.0808

2023 Avg (April) 0.0737

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0790	0.0775	0.0783
February	0.0792	0.0783	0.0787
March	0.0815	0.0790	0.0800
April	0.0825	0.0790	0.0808
May	0.0814	0.0794	0.0804
June	0.0797	0.0719	0.0744
July	0.0762	0.0715	0.0744
August	0.0709	0.0656	0.0687
September	0.0678	0.0649	0.0661
October	0.0677	0.0656	0.0666
November	0.0667	0.0650	0.0658
December	0.0675	0.0655	0.0667