2024 SCR to SGD Historical Review

YEARLY HIGH

0.1029 SGD

YEARLY LOW

0.0869 SGD

YEARLY AVERAGE

0.0978 SGD

2024 SCR to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SCR to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.1029. Conversely, the yearly low was recorded on October 14, dropping to 0.0869.

This high-to-low spread represents a total annual volatility of 0.0160 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0998 to the December average rate of 0.0958, the exchange rate registered a net change of -4.06% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1029 was down 4.17% compared to the 2023 peak of 0.1074, 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 515 SGD

2023 Average 500 SGD

Yearly Trough Low 435 SGD

Transaction Impact: A difference of 80.01 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1004

0.0952

JanuMarcMayJulySeptNove

SCR 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 0.0992, compared to 0.0964 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0028 points.

H1 Avg (Jan–Jun) 0.0992

H2 Avg (Jul–Dec) 0.0964

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 0.0135 SGD (High: 0.1004 / Low: 0.0869). On the other end, May was the most stable month, with a tight range of 0.0036 SGD (High: 0.1010 / Low: 0.0974).

October Spread (Volatile) ±0.0135

May Spread (Stable) ±0.0036

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 July and August, when the average rate fell by 0.0017 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0017

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0998) against the same month in 2023 (average: 0.0979), the exchange rate shifted by +0.0020 (+2.00%).

2024 Avg (January) 0.0998

2023 Avg (January) 0.0979

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1029	0.0958	0.0998
February	0.1025	0.0974	0.1000
March	0.1007	0.0936	0.0987
April	0.1015	0.0948	0.0999
May	0.1010	0.0974	0.0989
June	0.0998	0.0923	0.0979
July	0.1004	0.0953	0.0976
August	0.1015	0.0883	0.0958
September	0.1001	0.0924	0.0964
October	0.1004	0.0869	0.0957
November	0.1001	0.0939	0.0972
December	0.1011	0.0893	0.0958