2024 SGD to AED Historical Review

YEARLY HIGH

2.8698 AED

YEARLY LOW

2.6872 AED

YEARLY AVERAGE

2.7488 AED

2024 SGD to AED Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SGD to AED exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 2.8698. Conversely, the yearly low was recorded on December 31, dropping to 2.6872.

This high-to-low spread represents a total annual volatility of 0.1826 AED. From a start-to-finish perspective, comparing the January average rate of 2.7495 to the December average rate of 2.7187, the exchange rate registered a net change of -1.12% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.8698 was up 1.99% compared to the 2023 peak of 2.8137, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,349 AED

2023 Average 13,676 AED

Yearly Trough Low 13,436 AED

Transaction Impact: A difference of 912.90 AED purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.8479

2.6928

JanuMarcMayJulySeptNove

SGD to AED 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 2.7265, compared to 2.7711 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0447 points.

H1 Avg (Jan–Jun) 2.7265

H2 Avg (Jul–Dec) 2.7711

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 0.0762 AED (High: 2.8511 / Low: 2.7749). On the other end, June was the most stable month, with a tight range of 0.0269 AED (High: 2.7299 / Low: 2.7029).

October Spread (Volatile) ±0.0762

June Spread (Stable) ±0.0269

Growth Streaks & Declines

Trends

Between June and September, 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 October and November, when the average rate fell by 0.0537 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0537

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 2.8350) against the same month in 2023 (average: 2.6941), the exchange rate shifted by +0.1409 (+5.23%).

2024 Avg (September) 2.8350

2023 Avg (September) 2.6941

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.7827	2.7322	2.7495
February	2.7478	2.7185	2.7306
March	2.7610	2.7201	2.7381
April	2.7308	2.6901	2.7057
May	2.7336	2.6996	2.7191
June	2.7299	2.7029	2.7157
July	2.7487	2.7051	2.7294
August	2.8235	2.7476	2.7922
September	2.8698	2.8099	2.8350
October	2.8511	2.7749	2.8026
November	2.7962	2.7232	2.7488
December	2.7441	2.6872	2.7187