2024 SEK to SGD Historical Review

YEARLY HIGH

0.1310 SGD

YEARLY LOW

0.1216 SGD

YEARLY AVERAGE

0.1264 SGD

2024 SEK to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SEK to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.1310. Conversely, the yearly low was recorded on November 21, dropping to 0.1216.

This high-to-low spread represents a total annual volatility of 0.0094 SGD. From a start-to-finish perspective, comparing the January average rate of 0.1291 to the December average rate of 0.1229, the exchange rate registered a net change of -4.83% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1310 was down 1.31% compared to the 2023 peak of 0.1327, 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 655 SGD

2023 Average 633 SGD

Yearly Trough Low 608 SGD

Transaction Impact: A difference of 46.85 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1298

0.1221

JanuMarcMayJulySeptNove

SEK 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 0.1278, compared to 0.1251 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0026 points.

H1 Avg (Jan–Jun) 0.1278

H2 Avg (Jul–Dec) 0.1251

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0066 SGD (High: 0.1305 / Low: 0.1239). On the other end, September was the most stable month, with a tight range of 0.0019 SGD (High: 0.1275 / Low: 0.1256).

July Spread (Volatile) ±0.0066

September Spread (Stable) ±0.0019

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 March and April, when the average rate fell by 0.0032 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0032

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.1291) against the same month in 2023 (average: 0.1275), the exchange rate shifted by +0.0016 (+1.28%).

2024 Avg (January) 0.1291

2023 Avg (January) 0.1275

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1310	0.1279	0.1291
February	0.1308	0.1270	0.1289
March	0.1304	0.1262	0.1287
April	0.1276	0.1239	0.1254
May	0.1285	0.1242	0.1257
June	0.1298	0.1273	0.1287
July	0.1305	0.1239	0.1266
August	0.1282	0.1246	0.1266
September	0.1275	0.1256	0.1267
October	0.1263	0.1238	0.1251
November	0.1251	0.1216	0.1227
December	0.1240	0.1220	0.1229