2024 SGD to DOP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SGD to DOP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SGD to DOP exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 47.2107. Conversely, the yearly low was recorded on May 1, dropping to 42.7788.
This high-to-low spread represents a total annual volatility of 4.4319 DOP. From a start-to-finish perspective, comparing the January average rate of 43.8652 to the December average rate of 44.9237, the exchange rate registered a net change of 2.41% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 47.2107 was up 7.21% compared to the 2023 peak of 44.0362, 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 DOP 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 43.6868, compared to 45.2842 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.5975 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 1.5688 DOP (High: 45.9874 / Low: 44.4186). On the other end, January was the most stable month, with a tight range of 0.5147 DOP (High: 44.1218 / Low: 43.6071).
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 October and November, when the average rate fell by 0.8720 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 46.3182) against the same month in 2023 (average: 41.6292), the exchange rate shifted by +4.6890 (+11.26%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 44.1218 | 43.6071 | 43.8652 |
| February | 43.9889 | 43.3912 | 43.6387 |
| March | 44.3563 | 43.5767 | 43.9928 |
| April | 44.0734 | 42.8656 | 43.5291 |
| May | 43.7999 | 42.7788 | 43.2866 |
| June | 44.2529 | 43.4597 | 43.8082 |
| July | 44.3945 | 43.5258 | 43.9537 |
| August | 45.9874 | 44.4186 | 45.3122 |
| September | 47.2107 | 45.6454 | 46.3182 |
| October | 46.9047 | 45.5571 | 46.0348 |
| November | 46.0381 | 44.7441 | 45.1628 |
| December | 45.2590 | 44.6278 | 44.9237 |