2024 NZD to SGD Historical Review

YEARLY HIGH

0.8351 SGD

YEARLY LOW

0.7644 SGD

YEARLY AVERAGE

0.8085 SGD

2024 NZD to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NZD to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 5, valuing the pair at 0.8351. Conversely, the yearly low was recorded on December 26, dropping to 0.7644.

This high-to-low spread represents a total annual volatility of 0.0708 SGD. From a start-to-finish perspective, comparing the January average rate of 0.8248 to the December average rate of 0.7752, the exchange rate registered a net change of -6.01% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.8351 was down 2.56% compared to the 2023 peak of 0.8571, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,176 SGD

2023 Average 4,123 SGD

Yearly Trough Low 3,822 SGD

Transaction Impact: A difference of 353.93 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.8351

0.7698

JanuMarcMayJulySeptNove

NZD 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 0.8203, compared to 0.7967 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0236 points.

H1 Avg (Jan–Jun) 0.8203

H2 Avg (Jul–Dec) 0.7967

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0393 SGD (High: 0.8286 / Low: 0.7893). On the other end, June was the most stable month, with a tight range of 0.0100 SGD (High: 0.8351 / Low: 0.8251).

July Spread (Volatile) ±0.0393

June Spread (Stable) ±0.0100

Growth Streaks & Declines

Trends

Between April and June, 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 June and July, when the average rate fell by 0.0177 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0177

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2024: 0.8296) against the same month in 2023 (average: 0.8261), the exchange rate shifted by +0.0035 (+0.43%).

2024 Avg (June) 0.8296

2023 Avg (June) 0.8261

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8334	0.8152	0.8248
February	0.8325	0.8146	0.8243
March	0.8236	0.8050	0.8149
April	0.8157	0.8015	0.8081
May	0.8325	0.8072	0.8200
June	0.8351	0.8251	0.8296
July	0.8286	0.7893	0.8119
August	0.8164	0.7884	0.8005
September	0.8158	0.7988	0.8067
October	0.8092	0.7879	0.7963
November	0.7958	0.7783	0.7894
December	0.7922	0.7644	0.7752