2024 SGD to IRR Historical Review

YEARLY HIGH

32897.1013 IRR

YEARLY LOW

30817.0642 IRR

YEARLY AVERAGE

31500.6873 IRR

2024 SGD to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SGD to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 32897.1013. Conversely, the yearly low was recorded on April 30, dropping to 30817.0642.

This high-to-low spread represents a total annual volatility of 2080.0371 IRR. From a start-to-finish perspective, comparing the January average rate of 31477.6272 to the December average rate of 31223.1820, the exchange rate registered a net change of -0.81% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 32897.1013 was up 1.75% compared to the 2023 peak of 32332.0770, 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 164,485,507 IRR

2023 Average 157,207,020 IRR

Yearly Trough Low 154,085,321 IRR

Transaction Impact: A difference of 10,400,185.71 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

32649.1879

30846.6176

JanuMarcMayJulySeptNove

SGD to IRR 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 31228.0074, compared to 31773.3672 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 545.3599 points.

H1 Avg (Jan–Jun) 31228.0074

H2 Avg (Jul–Dec) 31773.3672

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 870.1203 IRR (High: 32357.8633 / Low: 31487.7430). On the other end, February was the most stable month, with a tight range of 344.2381 IRR (High: 31454.3278 / Low: 31110.0897).

August Spread (Volatile) ±870.1203

February Spread (Stable) ±344.2381

Growth Streaks & Declines

Trends

Between June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 622.7634 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -622.7634

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 32498.9737) against the same month in 2023 (average: 30991.4802), the exchange rate shifted by +1507.4935 (+4.86%).

2024 Avg (September) 32498.9737

2023 Avg (September) 30991.4802

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	31900.8690	31279.2895	31477.6272
February	31454.3278	31110.0897	31254.0096
March	31600.0150	31135.9300	31343.2376
April	31278.0015	30817.0642	30996.8318
May	31304.5853	30916.3515	31159.4052
June	31374.0282	30971.8330	31136.9328
July	31509.3507	30996.2624	31287.2535
August	32357.8633	31487.7430	32003.9055
September	32897.1013	32211.3733	32498.9737
October	32670.0356	31809.8886	32124.8261
November	32043.9865	31203.7551	31502.0627
December	31444.0623	30910.1936	31223.1820