2024 SGD to COP Historical Review

YEARLY HIGH

3371.8741 COP

YEARLY LOW

2787.2855 COP

YEARLY AVERAGE

3048.0743 COP

2024 SGD to COP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SGD to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 4, valuing the pair at 3371.8741. Conversely, the yearly low was recorded on April 8, dropping to 2787.2855.

This high-to-low spread represents a total annual volatility of 584.5886 COP. From a start-to-finish perspective, comparing the January average rate of 2934.1654 to the December average rate of 3250.6307, the exchange rate registered a net change of 10.79% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 3371.8741 was down 9.09% compared to the 2023 peak of 3709.0379, 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 16,859,371 COP

2023 Average 16,099,834 COP

Yearly Trough Low 13,936,428 COP

Transaction Impact: A difference of 2,922,942.87 COP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

3342.1499

2802.5103

JanuMarcMayJulySeptNove

SGD to COP 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 2911.1137, compared to 3185.0348 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 273.9211 points.

H1 Avg (Jan–Jun) 2911.1137

H2 Avg (Jul–Dec) 3185.0348

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 230.4082 COP (High: 3080.5824 / Low: 2850.1742). On the other end, January was the most stable month, with a tight range of 52.9816 COP (High: 2963.9122 / Low: 2910.9306).

June Spread (Volatile) ±230.4082

January Spread (Stable) ±52.9816

Growth Streaks & Declines

Trends

Between April and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 58.7847 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -58.7847

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 3297.1800) against the same month in 2023 (average: 2989.5971), the exchange rate shifted by +307.5829 (+10.29%).

2024 Avg (November) 3297.1800

2023 Avg (November) 2989.5971

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2963.9122	2910.9306	2934.1654
February	2950.3942	2895.9913	2920.3139
March	2942.5676	2858.2063	2906.2650
April	2910.7954	2787.2855	2847.4803
May	2891.2442	2827.6233	2860.6957
June	3080.5824	2850.1742	2997.7622
July	3055.8856	2936.0714	3001.1554
August	3158.8692	3029.1059	3083.5561
September	3291.9792	3165.8672	3229.3935
October	3343.4077	3179.7978	3248.2931
November	3371.8741	3249.7839	3297.1800
December	3321.6979	3191.8741	3250.6307