2024 SGD to ALL Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SGD to ALL Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SGD to ALL exchange rate experienced significant fluctuation. The market reached its absolute peak on February 6, valuing the pair at 72.1660. Conversely, the yearly low was recorded on November 2, dropping to 68.1481.
This high-to-low spread represents a total annual volatility of 4.0179 ALL. From a start-to-finish perspective, comparing the January average rate of 71.2707 to the December average rate of 69.4557, the exchange rate registered a net change of -2.55% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 72.1660 was down 13.66% compared to the 2023 peak of 83.5810, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SGD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SGD to ALL Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 70.2106, compared to 69.0544 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.1562 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was April, with a trading range of 2.1064 ALL (High: 70.8285 / Low: 68.7221). On the other end, September was the most stable month, with a tight range of 0.6586 ALL (High: 69.3609 / Low: 68.7023).
Growth Streaks & Declines
TrendsBetween July and October, 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 March and April, when the average rate fell by 1.2144 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 71.5294) against the same month in 2023 (average: 81.0572), the exchange rate shifted by -9.5278 (-11.75%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 71.7832 | 70.9349 | 71.2707 |
| February | 72.1660 | 71.1469 | 71.5294 |
| March | 71.3891 | 69.9986 | 70.9294 |
| April | 70.8285 | 68.7221 | 69.7150 |
| May | 69.3729 | 68.4607 | 68.8517 |
| June | 69.3928 | 68.2407 | 68.9675 |
| July | 69.3095 | 68.2784 | 68.7123 |
| August | 69.3924 | 68.4057 | 68.9816 |
| September | 69.3609 | 68.7023 | 69.0537 |
| October | 69.3840 | 68.4997 | 69.0821 |
| November | 70.1370 | 68.1481 | 69.0409 |
| December | 69.8704 | 68.7464 | 69.4557 |