2024 SGD to CNY Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SGD to CNY Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SGD to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 5.4828. Conversely, the yearly low was recorded on April 21, dropping to 5.2156.
This high-to-low spread represents a total annual volatility of 0.2672 CNY. From a start-to-finish perspective, comparing the January average rate of 5.3230 to the December average rate of 5.3895, the exchange rate registered a net change of 1.25% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 5.4828 was up 0.51% compared to the 2023 peak of 5.4549, 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 CNY 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 5.3294, compared to 5.4127 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0833 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was April, with a trading range of 0.1619 CNY (High: 5.3775 / Low: 5.2156). On the other end, November was the most stable month, with a tight range of 0.0451 CNY (High: 5.4158 / Low: 5.3707).
Growth Streaks & Declines
TrendsBetween May and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0509 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 5.4602) against the same month in 2023 (average: 5.3491), the exchange rate shifted by +0.1111 (+2.08%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.3863 | 5.2836 | 5.3230 |
| February | 5.3579 | 5.2737 | 5.3214 |
| March | 5.4007 | 5.3217 | 5.3654 |
| April | 5.3775 | 5.2156 | 5.3255 |
| May | 5.3724 | 5.2341 | 5.3056 |
| June | 5.3828 | 5.2504 | 5.3356 |
| July | 5.4190 | 5.3113 | 5.3924 |
| August | 5.4772 | 5.3731 | 5.4325 |
| September | 5.4828 | 5.4312 | 5.4602 |
| October | 5.4581 | 5.3791 | 5.4093 |
| November | 5.4158 | 5.3707 | 5.3926 |
| December | 5.4242 | 5.3392 | 5.3895 |