2024 SGD to ILS Historical Review

YEARLY HIGH

2.9344 ILS

YEARLY LOW

2.6304 ILS

YEARLY AVERAGE

2.7700 ILS

2024 SGD to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SGD to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 2.9344. Conversely, the yearly low was recorded on December 18, dropping to 2.6304.

This high-to-low spread represents a total annual volatility of 0.3039 ILS. From a start-to-finish perspective, comparing the January average rate of 2.7761 to the December average rate of 2.6819, the exchange rate registered a net change of -3.40% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.9344 was down 1.51% compared to the 2023 peak of 2.9793, 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 14,672 ILS

2023 Average 13,721 ILS

Yearly Trough Low 13,152 ILS

Transaction Impact: A difference of 1,519.74 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.8992

2.6621

JanuMarcMayJulySeptNove

SGD to ILS 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 2.7439, compared to 2.7962 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0523 points.

H1 Avg (Jan–Jun) 2.7439

H2 Avg (Jul–Dec) 2.7962

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.1528 ILS (High: 2.8522 / Low: 2.6995). On the other end, June was the most stable month, with a tight range of 0.0593 ILS (High: 2.7857 / Low: 2.7264).

November Spread (Volatile) ±0.1528

June Spread (Stable) ±0.0593

Growth Streaks & Declines

Trends

Between July and September, 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 November and December, when the average rate fell by 0.1024 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1024

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 2.8732) against the same month in 2023 (average: 2.9066), the exchange rate shifted by -0.0334 (-1.15%).

2024 Avg (October) 2.8732

2023 Avg (October) 2.9066

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8239	2.7153	2.7761
February	2.7451	2.6540	2.7091
March	2.7528	2.6518	2.7084
April	2.8097	2.7185	2.7692
May	2.7693	2.7096	2.7404
June	2.7857	2.7264	2.7601
July	2.8141	2.6927	2.7292
August	2.8910	2.7760	2.8290
September	2.9318	2.7800	2.8795
October	2.9344	2.7996	2.8732
November	2.8522	2.6995	2.7843
December	2.7144	2.6304	2.6819