2024 SGD to AFN Historical Review

YEARLY HIGH

55.9879 AFN

YEARLY LOW

49.5241 AFN

YEARLY AVERAGE

52.7612 AFN

2024 SGD to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SGD to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 3, valuing the pair at 55.9879. Conversely, the yearly low was recorded on October 17, dropping to 49.5241.

This high-to-low spread represents a total annual volatility of 6.4637 AFN. From a start-to-finish perspective, comparing the January average rate of 53.5478 to the December average rate of 51.3842, the exchange rate registered a net change of -4.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 55.9879 was down 18.72% compared to the 2023 peak of 68.8865, 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 279,939 AFN

2023 Average 308,073 AFN

Yearly Trough Low 247,621 AFN

Transaction Impact: A difference of 32,318.64 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

54.7721

50.2756

JanuMarcMayJulySeptNove

SGD to AFN 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 53.3091, compared to 52.2133 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.0958 points.

H1 Avg (Jan–Jun) 53.3091

H2 Avg (Jul–Dec) 52.2133

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 3.5220 AFN (High: 53.0461 / Low: 49.5241). On the other end, July was the most stable month, with a tight range of 0.7912 AFN (High: 52.9005 / Low: 52.1093).

October Spread (Volatile) ±3.5220

July Spread (Stable) ±0.7912

Growth Streaks & Declines

Trends

Between June and August, 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 September and October, when the average rate fell by 2.4507 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -2.4507

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 54.3974) against the same month in 2023 (average: 67.2590), the exchange rate shifted by -12.8617 (-19.12%).

2024 Avg (February) 54.3974

2023 Avg (February) 67.2590

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	55.4523	52.5953	53.5478
February	55.9879	53.7397	54.3974
March	54.5387	52.6164	53.8145
April	53.4843	52.3019	52.8870
May	53.6283	52.0872	53.0605
June	53.0129	51.5693	52.1472
July	52.9005	52.1093	52.5828
August	54.5776	52.8164	53.8223
September	54.4562	52.9982	53.6455
October	53.0461	49.5241	51.1948
November	51.5580	49.7676	50.6503
December	52.1437	50.2831	51.3842