2024 MYR to SGD Historical Review

YEARLY HIGH

0.3122 SGD

YEARLY LOW

0.2800 SGD

YEARLY AVERAGE

0.2924 SGD

2024 MYR to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MYR to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 25, valuing the pair at 0.3122. Conversely, the yearly low was recorded on February 20, dropping to 0.2800.

This high-to-low spread represents a total annual volatility of 0.0322 SGD. From a start-to-finish perspective, comparing the January average rate of 0.2853 to the December average rate of 0.3029, the exchange rate registered a net change of 6.15% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3122 was up 0.29% compared to the 2023 peak of 0.3113, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 20,000 MYR based on timing:

Yearly Peak High 6,245 SGD

2023 Average 5,893 SGD

Yearly Trough Low 5,600 SGD

Transaction Impact: A difference of 644.70 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3073

0.2799

JanuMarcMayJulySeptNove

MYR 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 0.2850, compared to 0.2999 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0148 points.

H1 Avg (Jan–Jun) 0.2850

H2 Avg (Jul–Dec) 0.2999

Volatility Range Comparison

Volatility

The most volatile month in 2024 was September, with a trading range of 0.0131 SGD (High: 0.3122 / Low: 0.2991). On the other end, June was the most stable month, with a tight range of 0.0027 SGD (High: 0.2884 / Low: 0.2857).

September Spread (Volatile) ±0.0131

June Spread (Stable) ±0.0027

Growth Streaks & Declines

Trends

Between February and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0035 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0035

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.3043) against the same month in 2023 (average: 0.2913), the exchange rate shifted by +0.0130 (+4.46%).

2024 Avg (September) 0.3043

2023 Avg (September) 0.2913

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2882	0.2832	0.2853
February	0.2849	0.2800	0.2822
March	0.2856	0.2820	0.2843
April	0.2864	0.2832	0.2849
May	0.2878	0.2846	0.2864
June	0.2884	0.2857	0.2871
July	0.2908	0.2859	0.2875
August	0.3025	0.2926	0.2980
September	0.3122	0.2991	0.3043
October	0.3094	0.3018	0.3050
November	0.3030	0.2989	0.3015
December	0.3057	0.3007	0.3029