2024 SEK to SAR Historical Review

YEARLY HIGH

0.3722 SAR

YEARLY LOW

0.3370 SAR

YEARLY AVERAGE

0.3550 SAR

2024 SEK to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SEK to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.3722. Conversely, the yearly low was recorded on December 25, dropping to 0.3370.

This high-to-low spread represents a total annual volatility of 0.0352 SAR. From a start-to-finish perspective, comparing the January average rate of 0.3625 to the December average rate of 0.3417, the exchange rate registered a net change of -5.74% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3722 was down 1.31% compared to the 2023 peak of 0.3772, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,861 SAR

2023 Average 1,769 SAR

Yearly Trough Low 1,685 SAR

Transaction Impact: A difference of 176.20 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3696

0.3391

JanuMarcMayJulySeptNove

SEK to SAR 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 0.3557, compared to 0.3544 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0013 points.

H1 Avg (Jan–Jun) 0.3557

H2 Avg (Jul–Dec) 0.3544

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0199 SAR (High: 0.3695 / Low: 0.3496). On the other end, June was the most stable month, with a tight range of 0.0083 SAR (High: 0.3612 / Low: 0.3529).

August Spread (Volatile) ±0.0199

June Spread (Stable) ±0.0083

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0135 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0135

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.3625) against the same month in 2023 (average: 0.3615), the exchange rate shifted by +0.0010 (+0.27%).

2024 Avg (January) 0.3625

2023 Avg (January) 0.3615

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3722	0.3577	0.3625
February	0.3648	0.3536	0.3594
March	0.3671	0.3505	0.3598
April	0.3554	0.3404	0.3466
May	0.3562	0.3434	0.3490
June	0.3612	0.3529	0.3569
July	0.3628	0.3461	0.3528
August	0.3695	0.3496	0.3611
September	0.3721	0.3612	0.3671
October	0.3656	0.3517	0.3585
November	0.3543	0.3391	0.3450
December	0.3461	0.3370	0.3417