2024 SGD to GNF Historical Review

YEARLY HIGH

6744.6676 GNF

YEARLY LOW

6295.0720 GNF

YEARLY AVERAGE

6445.1722 GNF

2024 SGD to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SGD to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 6744.6676. Conversely, the yearly low was recorded on April 16, dropping to 6295.0720.

This high-to-low spread represents a total annual volatility of 449.5956 GNF. From a start-to-finish perspective, comparing the January average rate of 6434.2178 to the December average rate of 6388.1775, the exchange rate registered a net change of -0.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 6744.6676 was up 0.68% compared to the 2023 peak of 6699.1474, 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 33,723,338 GNF

2023 Average 32,092,816 GNF

Yearly Trough Low 31,475,360 GNF

Transaction Impact: A difference of 2,247,977.85 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

6703.2185

6295.3307

JanuMarcMayJulySeptNove

SGD to GNF 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 6381.5172, compared to 6508.8273 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 127.3101 points.

H1 Avg (Jan–Jun) 6381.5172

H2 Avg (Jul–Dec) 6508.8273

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 216.4145 GNF (High: 6733.9009 / Low: 6517.4863). On the other end, June was the most stable month, with a tight range of 65.0790 GNF (High: 6397.8700 / Low: 6332.7910).

October Spread (Volatile) ±216.4145

June Spread (Stable) ±65.0790

Growth Streaks & Declines

Trends

Between April and September, 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 October and November, when the average rate fell by 134.5031 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -134.5031

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 6669.2278) against the same month in 2023 (average: 6311.3893), the exchange rate shifted by +357.8386 (+5.67%).

2024 Avg (September) 6669.2278

2023 Avg (September) 6311.3893

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6532.8741	6382.3051	6434.2178
February	6441.4609	6364.0868	6395.4345
March	6460.9487	6343.1432	6406.5976
April	6390.1409	6295.0720	6329.3214
May	6394.7689	6317.4014	6361.7146
June	6397.8700	6332.7910	6361.8173
July	6448.4971	6333.6586	6397.1965
August	6634.6376	6444.7922	6551.2541
September	6744.6676	6605.2547	6669.2278
October	6733.9009	6517.4863	6590.8054
November	6568.0089	6394.9946	6456.3023
December	6443.0871	6323.9622	6388.1775