2024 PEN to SGD Historical Review

YEARLY HIGH

0.3695 SGD

YEARLY LOW

0.3398 SGD

YEARLY AVERAGE

0.3561 SGD

2024 PEN to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PEN to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 13, valuing the pair at 0.3695. Conversely, the yearly low was recorded on September 24, dropping to 0.3398.

This high-to-low spread represents a total annual volatility of 0.0297 SGD. From a start-to-finish perspective, comparing the January average rate of 0.3580 to the December average rate of 0.3621, the exchange rate registered a net change of 1.12% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3695 was down 1.42% compared to the 2023 peak of 0.3748, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,847 SGD

2023 Average 1,796 SGD

Yearly Trough Low 1,699 SGD

Transaction Impact: A difference of 148.54 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3675

0.3416

JanuMarcMayJulySeptNove

PEN 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 0.3592, compared to 0.3531 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0062 points.

H1 Avg (Jan–Jun) 0.3592

H2 Avg (Jul–Dec) 0.3531

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0119 SGD (High: 0.3673 / Low: 0.3553). On the other end, October was the most stable month, with a tight range of 0.0045 SGD (High: 0.3521 / Low: 0.3476).

March Spread (Volatile) ±0.0119

October Spread (Stable) ±0.0045

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 August and September, when the average rate fell by 0.0085 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0085

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.3653) against the same month in 2023 (average: 0.3545), the exchange rate shifted by +0.0108 (+3.04%).

2024 Avg (April) 0.3653

2023 Avg (April) 0.3545

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3626	0.3512	0.3580
February	0.3560	0.3473	0.3513
March	0.3673	0.3553	0.3611
April	0.3695	0.3615	0.3653
May	0.3674	0.3591	0.3620
June	0.3611	0.3537	0.3575
July	0.3611	0.3527	0.3576
August	0.3578	0.3470	0.3522
September	0.3488	0.3398	0.3437
October	0.3521	0.3476	0.3494
November	0.3583	0.3483	0.3534
December	0.3656	0.3578	0.3621