2024 SGD to DJF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SGD to DJF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SGD to DJF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 138.9390. Conversely, the yearly low was recorded on December 31, dropping to 130.0993.
This high-to-low spread represents a total annual volatility of 8.8396 DJF. From a start-to-finish perspective, comparing the January average rate of 133.1841 to the December average rate of 131.6468, the exchange rate registered a net change of -1.15% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 138.9390 was up 2.08% compared to the 2023 peak of 136.1022, 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 DJF 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 131.9994, compared to 134.1547 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.1552 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was October, with a trading range of 3.7643 DJF (High: 137.9864 / Low: 134.2221). On the other end, May was the most stable month, with a tight range of 1.8503 DJF (High: 132.2978 / Low: 130.4476).
Growth Streaks & Declines
TrendsBetween June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 2.5984 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 137.3285) against the same month in 2023 (average: 130.5713), the exchange rate shifted by +6.7572 (+5.18%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 134.7314 | 132.2302 | 133.1841 |
| February | 133.7416 | 131.5697 | 132.2884 |
| March | 133.5939 | 131.3196 | 132.5239 |
| April | 132.2072 | 130.1988 | 130.9979 |
| May | 132.2978 | 130.4476 | 131.5388 |
| June | 132.6761 | 130.6466 | 131.4635 |
| July | 133.0288 | 130.7238 | 132.1378 |
| August | 136.6374 | 132.9730 | 135.0160 |
| September | 138.9390 | 136.0348 | 137.3285 |
| October | 137.9864 | 134.2221 | 135.6986 |
| November | 135.3261 | 131.8135 | 133.1002 |
| December | 133.0553 | 130.0993 | 131.6468 |