2024 SGD to CRC Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SGD to CRC Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SGD to CRC exchange rate experienced significant fluctuation. The market reached its absolute peak on August 27, valuing the pair at 405.7040. Conversely, the yearly low was recorded on April 16, dropping to 366.8246.
This high-to-low spread represents a total annual volatility of 38.8795 CRC. From a start-to-finish perspective, comparing the January average rate of 387.0124 to the December average rate of 374.4078, the exchange rate registered a net change of -3.26% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 405.7040 was down 8.46% compared to the 2023 peak of 443.1885, 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 CRC 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 381.4899, compared to 390.2568 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 8.7669 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 15.0395 CRC (High: 405.7040 / Low: 390.6646). On the other end, February was the most stable month, with a tight range of 6.3152 CRC (High: 386.9067 / Low: 380.5914).
Growth Streaks & Declines
TrendsBetween 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 11.8492 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 398.8466) against the same month in 2023 (average: 398.3887), the exchange rate shifted by +0.4579 (+0.11%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 394.7559 | 381.1129 | 387.0124 |
| February | 386.9067 | 380.5914 | 383.4256 |
| March | 384.4884 | 372.2397 | 379.1262 |
| April | 377.9817 | 366.8246 | 371.3606 |
| May | 385.7850 | 375.0206 | 379.4809 |
| June | 393.8466 | 384.7008 | 388.5336 |
| July | 396.5217 | 386.4536 | 391.3084 |
| August | 405.7040 | 390.6646 | 398.8466 |
| September | 405.4686 | 395.6703 | 400.9526 |
| October | 402.0489 | 387.8470 | 393.9372 |
| November | 389.3354 | 377.4567 | 382.0881 |
| December | 379.0324 | 369.1964 | 374.4078 |