2024 SGD to GBP Historical Review

YEARLY HIGH

0.5973 GBP

YEARLY LOW

0.5733 GBP

YEARLY AVERAGE

0.5856 GBP

2024 SGD to GBP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SGD to GBP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 0.5973. Conversely, the yearly low was recorded on July 16, dropping to 0.5733.

This high-to-low spread represents a total annual volatility of 0.0240 GBP. From a start-to-finish perspective, comparing the January average rate of 0.5891 to the December average rate of 0.5858, the exchange rate registered a net change of -0.55% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5973 was down 4.76% compared to the 2023 peak of 0.6271, 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 2,986 GBP

2023 Average 2,995 GBP

Yearly Trough Low 2,866 GBP

Transaction Impact: A difference of 119.76 GBP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5902

0.5762

JanuMarcMayJulySeptNove

SGD to GBP 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 0.5868, compared to 0.5844 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0025 points.

H1 Avg (Jan–Jun) 0.5868

H2 Avg (Jul–Dec) 0.5844

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0150 GBP (High: 0.5947 / Low: 0.5797). On the other end, June was the most stable month, with a tight range of 0.0040 GBP (High: 0.5837 / Low: 0.5797).

August Spread (Volatile) ±0.0150

June Spread (Stable) ±0.0040

Growth Streaks & Declines

Trends

Between September and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0045 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0045

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.5891) against the same month in 2023 (average: 0.6166), the exchange rate shifted by -0.0275 (-4.47%).

2024 Avg (January) 0.5891

2023 Avg (January) 0.6166

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5973	0.5855	0.5891
February	0.5923	0.5865	0.5886
March	0.5886	0.5833	0.5867
April	0.5945	0.5854	0.5889
May	0.5907	0.5801	0.5859
June	0.5837	0.5797	0.5819
July	0.5824	0.5733	0.5774
August	0.5947	0.5797	0.5872
September	0.5879	0.5802	0.5838
October	0.5875	0.5807	0.5849
November	0.5927	0.5822	0.5871
December	0.5878	0.5829	0.5858