2024 SBD to MYR Historical Review

YEARLY HIGH

0.5678 MYR

YEARLY LOW

0.4970 MYR

YEARLY AVERAGE

0.5431 MYR

2024 SBD to MYR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SBD to MYR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 20, valuing the pair at 0.5678. Conversely, the yearly low was recorded on September 29, dropping to 0.4970.

This high-to-low spread represents a total annual volatility of 0.0708 MYR. From a start-to-finish perspective, comparing the January average rate of 0.5561 to the December average rate of 0.5324, the exchange rate registered a net change of -4.25% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5678 was down 0.32% compared to the 2023 peak of 0.5697, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,839 MYR

2023 Average 2,732 MYR

Yearly Trough Low 2,485 MYR

Transaction Impact: A difference of 354.10 MYR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5692

0.5054

JanuMarcMayJulySeptNove

SBD to MYR 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 0.5586, compared to 0.5275 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0311 points.

H1 Avg (Jan–Jun) 0.5586

H2 Avg (Jul–Dec) 0.5275

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0304 MYR (High: 0.5391 / Low: 0.5087). On the other end, June was the most stable month, with a tight range of 0.0064 MYR (High: 0.5594 / Low: 0.5530).

August Spread (Volatile) ±0.0304

June Spread (Stable) ±0.0064

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 0.0334 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0334

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.5639) against the same month in 2023 (average: 0.5302), the exchange rate shifted by +0.0337 (+6.35%).

2024 Avg (February) 0.5639

2023 Avg (February) 0.5302

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5663	0.5454	0.5561
February	0.5678	0.5598	0.5639
March	0.5608	0.5348	0.5573
April	0.5668	0.5580	0.5620
May	0.5626	0.5503	0.5559
June	0.5594	0.5530	0.5567
July	0.5593	0.5444	0.5541
August	0.5391	0.5087	0.5206
September	0.5230	0.4970	0.5107
October	0.5258	0.5022	0.5173
November	0.5352	0.5229	0.5301
December	0.5377	0.5272	0.5324