2024 SAR to SGD Historical Review

YEARLY HIGH

0.3640 SGD

YEARLY LOW

0.3412 SGD

YEARLY AVERAGE

0.3562 SGD

2024 SAR to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SAR to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 0.3640. Conversely, the yearly low was recorded on September 28, dropping to 0.3412.

This high-to-low spread represents a total annual volatility of 0.0228 SGD. From a start-to-finish perspective, comparing the January average rate of 0.3562 to the December average rate of 0.3597, the exchange rate registered a net change of 0.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3640 was down 0.60% compared to the 2023 peak of 0.3662, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,820 SGD

2023 Average 1,790 SGD

Yearly Trough Low 1,706 SGD

Transaction Impact: A difference of 114.15 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3635

0.3436

JanuMarcMayJulySeptNove

SAR 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 0.3532 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0060 points.

H1 Avg (Jan–Jun) 0.3592

H2 Avg (Jul–Dec) 0.3532

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0095 SGD (High: 0.3562 / Low: 0.3467). On the other end, June was the most stable month, with a tight range of 0.0035 SGD (High: 0.3622 / Low: 0.3587).

August Spread (Volatile) ±0.0095

June Spread (Stable) ±0.0035

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 July and August, when the average rate fell by 0.0082 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0082

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.3619) against the same month in 2023 (average: 0.3551), the exchange rate shifted by +0.0068 (+1.91%).

2024 Avg (April) 0.3619

2023 Avg (April) 0.3551

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3585	0.3520	0.3562
February	0.3603	0.3564	0.3587
March	0.3603	0.3547	0.3577
April	0.3640	0.3586	0.3619
May	0.3627	0.3583	0.3602
June	0.3622	0.3587	0.3606
July	0.3619	0.3562	0.3588
August	0.3562	0.3467	0.3506
September	0.3483	0.3412	0.3453
October	0.3524	0.3434	0.3490
November	0.3592	0.3497	0.3558
December	0.3639	0.3563	0.3597