2024 SGD to CDF Historical Review

YEARLY HIGH

2238.4561 CDF

YEARLY LOW

1983.8902 CDF

YEARLY AVERAGE

2107.0610 CDF

2024 SGD to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SGD to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 2238.4561. Conversely, the yearly low was recorded on January 20, dropping to 1983.8902.

This high-to-low spread represents a total annual volatility of 254.5659 CDF. From a start-to-finish perspective, comparing the January average rate of 2037.5541 to the December average rate of 2112.6292, the exchange rate registered a net change of 3.68% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2238.4561 was up 6.33% compared to the 2023 peak of 2105.1539, 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 11,192,281 CDF

2023 Average 8,698,557 CDF

Yearly Trough Low 9,919,451 CDF

Transaction Impact: A difference of 1,272,829.57 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2214.5948

2021.4595

JanuMarcMayJulySeptNove

SGD to CDF 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 2062.5030, compared to 2151.6190 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 89.1160 points.

H1 Avg (Jan–Jun) 2062.5030

H2 Avg (Jul–Dec) 2151.6190

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 90.3013 CDF (High: 2074.1915 / Low: 1983.8902). On the other end, February was the most stable month, with a tight range of 25.1075 CDF (High: 2060.7104 / Low: 2035.6029).

January Spread (Volatile) ±90.3013

February Spread (Stable) ±25.1075

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 37.7879 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -37.7879

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 2198.5002) against the same month in 2023 (average: 1821.7783), the exchange rate shifted by +376.7219 (+20.68%).

2024 Avg (September) 2198.5002

2023 Avg (September) 1821.7783

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2074.1915	1983.8902	2037.5541
February	2060.7104	2035.6029	2049.1467
March	2085.9956	2048.0276	2068.2862
April	2091.3538	2039.5529	2056.6649
May	2087.9202	2052.8022	2069.5334
June	2106.2314	2065.5213	2093.8326
July	2138.6832	2095.7174	2113.2264
August	2193.0869	2134.7822	2165.7547
September	2238.4561	2174.5845	2198.5002
October	2215.6979	2150.4985	2178.6957
November	2168.8227	2121.5924	2140.9079
December	2140.4733	2086.9302	2112.6292