2024 SCR to CNY Historical Review

YEARLY HIGH

0.5556 CNY

YEARLY LOW

0.4711 CNY

YEARLY AVERAGE

0.5252 CNY

2024 SCR to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SCR to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on August 27, valuing the pair at 0.5556. Conversely, the yearly low was recorded on October 14, dropping to 0.4711.

This high-to-low spread represents a total annual volatility of 0.0845 CNY. From a start-to-finish perspective, comparing the January average rate of 0.5314 to the December average rate of 0.5162, the exchange rate registered a net change of -2.86% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5556 was down 3.22% compared to the 2023 peak of 0.5741, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,778 CNY

2023 Average 2,634 CNY

Yearly Trough Low 2,355 CNY

Transaction Impact: A difference of 422.67 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5335

0.5146

JanuMarcMayJulySeptNove

SCR to CNY 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 0.5287, compared to 0.5218 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0069 points.

H1 Avg (Jan–Jun) 0.5287

H2 Avg (Jul–Dec) 0.5218

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0790 CNY (High: 0.5556 / Low: 0.4766). On the other end, July was the most stable month, with a tight range of 0.0230 CNY (High: 0.5382 / Low: 0.5152).

August Spread (Volatile) ±0.0790

July Spread (Stable) ±0.0230

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0087 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0087

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 0.5207) against the same month in 2023 (average: 0.5414), the exchange rate shifted by -0.0207 (-3.83%).

2024 Avg (August) 0.5207

2023 Avg (August) 0.5414

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5457	0.5130	0.5314
February	0.5453	0.5151	0.5319
March	0.5400	0.5043	0.5296
April	0.5397	0.4942	0.5319
May	0.5384	0.5131	0.5248
June	0.5350	0.4945	0.5226
July	0.5382	0.5152	0.5261
August	0.5556	0.4766	0.5207
September	0.5486	0.5039	0.5261
October	0.5444	0.4711	0.5174
November	0.5384	0.5045	0.5242
December	0.5465	0.4826	0.5162