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2024 SGD to IDR Historical Review

A comprehensive breakdown of exchange rate performance throughout the year 2024.

YEARLY HIGH
12239.1007 IDR
YEARLY LOW
11588.6088 IDR
YEARLY AVERAGE
11871.0960 IDR

2024 SGD to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SGD to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 5, valuing the pair at 12239.1007. Conversely, the yearly low was recorded on February 12, dropping to 11588.6088.

This high-to-low spread represents a total annual volatility of 650.4919 IDR. From a start-to-finish perspective, comparing the January average rate of 11693.4895 to the December average rate of 11891.4978, the exchange rate registered a net change of 1.69% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 12239.1007 was up 4.45% compared to the 2023 peak of 11718.0197, 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 61,195,504 IDR
2023 Average 56,749,594 IDR
Yearly Trough Low 57,943,044 IDR
Transaction Impact: A difference of 3,252,459.72 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

12143.1555
11599.6658
JanuMarcMayJulySeptNove

SGD to IDR 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 11818.6957, compared to 11923.4962 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 104.8006 points.

H1 Avg (Jan–Jun) 11818.6957
H2 Avg (Jul–Dec) 11923.4962

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 401.1299 IDR (High: 12239.1007 / Low: 11837.9708). On the other end, March was the most stable month, with a tight range of 133.7434 IDR (High: 11789.1356 / Low: 11655.3922).

August Spread (Volatile) ±401.1299
March Spread (Stable) ±133.7434

Growth Streaks & Declines

Trends

Between February and June, 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 August and September, when the average rate fell by 144.3969 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -144.3969

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 11977.8556) against the same month in 2023 (average: 11299.8919), the exchange rate shifted by +677.9637 (+6.00%).

2024 Avg (August) 11977.8556
2023 Avg (August) 11299.8919

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 11819.9237 11625.8262 11693.4895
February 11770.1274 11588.6088 11644.9566
March 11789.1356 11655.3922 11716.8724
April 11971.3418 11773.8319 11866.4717
May 12027.1614 11828.6667 11892.5193
June 12184.6361 12010.5660 12097.8647
July 12174.2412 11999.1584 12074.7925
August 12239.1007 11837.9708 11977.8556
September 11904.5112 11741.6357 11833.4587
October 12079.1670 11809.3258 11908.6989
November 11989.7238 11772.6105 11854.6739
December 11997.5665 11808.7640 11891.4978

Explore Other Years

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