2024 SGD to EUR Historical Review

YEARLY HIGH

0.7128 EUR

YEARLY LOW

0.6805 EUR

YEARLY AVERAGE

0.6916 EUR

2024 SGD to EUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SGD to EUR exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 0.7128. Conversely, the yearly low was recorded on May 31, dropping to 0.6805.

This high-to-low spread represents a total annual volatility of 0.0324 EUR. From a start-to-finish perspective, comparing the January average rate of 0.6861 to the December average rate of 0.7068, the exchange rate registered a net change of 3.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.7128 was up 0.92% compared to the 2023 peak of 0.7064, 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 3,564 EUR

2023 Average 3,441 EUR

Yearly Trough Low 3,402 EUR

Transaction Impact: A difference of 161.87 EUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.7090

0.6824

JanuMarcMayJulySeptNove

SGD to EUR 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 0.6866, compared to 0.6967 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0101 points.

H1 Avg (Jan–Jun) 0.6866

H2 Avg (Jul–Dec) 0.6967

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0193 EUR (High: 0.7128 / Low: 0.6935). On the other end, December was the most stable month, with a tight range of 0.0045 EUR (High: 0.7089 / Low: 0.7044).

November Spread (Volatile) ±0.0193

December Spread (Stable) ±0.0045

Growth Streaks & Declines

Trends

Between 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 0.0029 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0029

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.7042) against the same month in 2023 (average: 0.6855), the exchange rate shifted by +0.0187 (+2.72%).

2024 Avg (November) 0.7042

2023 Avg (November) 0.6855

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6905	0.6833	0.6861
February	0.6918	0.6855	0.6887
March	0.6877	0.6827	0.6858
April	0.6905	0.6832	0.6872
May	0.6884	0.6805	0.6846
June	0.6903	0.6806	0.6870
July	0.6914	0.6822	0.6846
August	0.6935	0.6862	0.6896
September	0.6994	0.6912	0.6947
October	0.7036	0.6962	0.7002
November	0.7128	0.6935	0.7042
December	0.7089	0.7044	0.7068