2024 SGD to ARS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SGD to ARS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SGD to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 758.4012. Conversely, the yearly low was recorded on January 7, dropping to 608.9326.
This high-to-low spread represents a total annual volatility of 149.4687 ARS. From a start-to-finish perspective, comparing the January average rate of 612.1046 to the December average rate of 754.8551, the exchange rate registered a net change of 23.32% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 758.4012 was up 23.42% compared to the 2023 peak of 614.4781, 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 ARS 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 638.2046, compared to 731.8915 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 93.6869 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 32.4593 ARS (High: 729.4584 / Low: 696.9991). On the other end, January was the most stable month, with a tight range of 7.5676 ARS (High: 616.5002 / Low: 608.9326).
Growth Streaks & Declines
TrendsBetween January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 754.8551) against the same month in 2023 (average: 475.4019), the exchange rate shifted by +279.4532 (+58.78%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 616.5002 | 608.9326 | 612.1046 |
| February | 625.9449 | 614.9723 | 620.1214 |
| March | 637.8974 | 626.0776 | 634.0973 |
| April | 644.5687 | 634.5233 | 639.3258 |
| May | 662.5604 | 641.5264 | 655.5252 |
| June | 671.6840 | 661.8516 | 668.0530 |
| July | 696.5413 | 672.7139 | 685.1337 |
| August | 729.4584 | 696.9991 | 715.1068 |
| September | 754.3309 | 728.8937 | 741.2278 |
| October | 752.7689 | 744.0096 | 747.1849 |
| November | 755.7942 | 742.1483 | 747.8408 |
| December | 758.4012 | 749.8787 | 754.8551 |