2024 SGD to INR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SGD to INR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SGD to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 65.4087. Conversely, the yearly low was recorded on April 30, dropping to 61.1571.
This high-to-low spread represents a total annual volatility of 4.2516 INR. From a start-to-finish perspective, comparing the January average rate of 62.2147 to the December average rate of 62.9179, the exchange rate registered a net change of 1.13% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 65.4087 was up 3.66% compared to the 2023 peak of 63.0965, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SGD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SGD to INR Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 61.7856, compared to 63.4599 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.6742 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 1.8391 INR (High: 64.4848 / Low: 62.6457). On the other end, February was the most stable month, with a tight range of 0.5690 INR (High: 62.0491 / Low: 61.4801).
Growth Streaks & Declines
TrendsBetween 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 0.9919 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 64.6815) against the same month in 2023 (average: 60.9128), the exchange rate shifted by +3.7687 (+6.19%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 63.0387 | 61.8399 | 62.2147 |
| February | 62.0491 | 61.4801 | 61.6841 |
| March | 62.2254 | 61.6050 | 61.9233 |
| April | 61.9079 | 61.1571 | 61.4560 |
| May | 62.0728 | 61.3047 | 61.7116 |
| June | 62.1354 | 61.4468 | 61.7241 |
| July | 62.6506 | 61.4524 | 62.1257 |
| August | 64.4848 | 62.6457 | 63.7699 |
| September | 65.4087 | 64.2065 | 64.6815 |
| October | 65.1094 | 63.5269 | 64.1281 |
| November | 64.0359 | 62.4635 | 63.1362 |
| December | 63.3028 | 62.4721 | 62.9179 |