2024 SGD to CVE Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SGD to CVE Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SGD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 78.8562. Conversely, the yearly low was recorded on April 13, dropping to 74.8347.
This high-to-low spread represents a total annual volatility of 4.0216 CVE. From a start-to-finish perspective, comparing the January average rate of 75.7106 to the December average rate of 77.8931, the exchange rate registered a net change of 2.88% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 78.8562 was up 0.33% compared to the 2023 peak of 78.5960, 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 CVE 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 75.7667, compared to 76.8957 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.1290 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 2.8378 CVE (High: 78.8562 / Low: 76.0184). On the other end, October was the most stable month, with a tight range of 0.8397 CVE (High: 77.7612 / Low: 76.9215).
Growth Streaks & Declines
TrendsBetween July and December, 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 February and March, when the average rate fell by 0.3242 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2024: 77.6495) against the same month in 2023 (average: 75.8373), the exchange rate shifted by +1.8122 (+2.39%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 76.2381 | 75.3934 | 75.7106 |
| February | 76.5503 | 75.5885 | 76.0348 |
| March | 76.1952 | 75.2154 | 75.7106 |
| April | 76.3060 | 74.8347 | 75.6823 |
| May | 76.7593 | 75.1874 | 75.6315 |
| June | 76.3581 | 75.0381 | 75.8306 |
| July | 76.3323 | 75.0613 | 75.5709 |
| August | 77.2738 | 75.7286 | 76.2634 |
| September | 77.5451 | 76.2243 | 76.7094 |
| October | 77.7612 | 76.9215 | 77.2882 |
| November | 78.8562 | 76.0184 | 77.6495 |
| December | 78.3703 | 77.0574 | 77.8931 |