2024 NPR to SYP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NPR to SYP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NPR to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 95.9692. Conversely, the yearly low was recorded on December 19, dropping to 18.4518.
This high-to-low spread represents a total annual volatility of 77.5175 SYP. From a start-to-finish perspective, comparing the January average rate of 18.8972 to the December average rate of 45.7998, the exchange rate registered a net change of 142.36% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 95.9692 was up 393.35% compared to the 2023 peak of 19.4524, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NPR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
NPR to SYP Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 18.8723, compared to 23.2261 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.3538 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 77.5175 SYP (High: 95.9692 / Low: 18.4518). On the other end, July was the most stable month, with a tight range of 0.1065 SYP (High: 18.8546 / Low: 18.7481).
Growth Streaks & Declines
TrendsBetween January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0832 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 45.7998) against the same month in 2023 (average: 18.8468), the exchange rate shifted by +26.9529 (+143.01%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 18.9682 | 18.6887 | 18.8972 |
| February | 18.9785 | 18.7720 | 18.9179 |
| March | 19.0645 | 18.8236 | 18.9243 |
| April | 18.9015 | 18.7896 | 18.8411 |
| May | 18.9452 | 18.7131 | 18.8384 |
| June | 18.9006 | 18.6991 | 18.8148 |
| July | 18.8546 | 18.7481 | 18.7910 |
| August | 18.9246 | 18.6788 | 18.7346 |
| September | 18.8178 | 18.6699 | 18.7352 |
| October | 18.7504 | 18.6374 | 18.6774 |
| November | 18.6948 | 18.5090 | 18.6190 |
| December | 95.9692 | 18.4518 | 45.7998 |