2024 SGD to JPY Historical Review

YEARLY HIGH

119.8135 JPY

YEARLY LOW

106.9158 JPY

YEARLY AVERAGE

113.3191 JPY

2024 SGD to JPY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SGD to JPY exchange rate experienced significant fluctuation. The market reached its absolute peak on July 10, valuing the pair at 119.8135. Conversely, the yearly low was recorded on January 1, dropping to 106.9158.

This high-to-low spread represents a total annual volatility of 12.8977 JPY. From a start-to-finish perspective, comparing the January average rate of 109.4157 to the December average rate of 114.0033, the exchange rate registered a net change of 4.19% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 119.8135 was up 6.97% compared to the 2023 peak of 112.0048, 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 599,068 JPY

2023 Average 523,049 JPY

Yearly Trough Low 534,579 JPY

Transaction Impact: A difference of 64,488.47 JPY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

117.8367

108.6501

JanuMarcMayJulySeptNove

SGD to JPY 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 112.9950, compared to 113.6432 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6482 points.

H1 Avg (Jan–Jun) 112.9950

H2 Avg (Jul–Dec) 113.6432

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 7.7238 JPY (High: 119.8135 / Low: 112.0897). On the other end, February was the most stable month, with a tight range of 2.4936 JPY (High: 112.0657 / Low: 109.5721).

July Spread (Volatile) ±7.7238

February Spread (Stable) ±2.4936

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 5.9150 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -5.9150

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2024: 117.0711) against the same month in 2023 (average: 105.7359), the exchange rate shifted by +11.3352 (+10.72%).

2024 Avg (July) 117.0711

2023 Avg (July) 105.7359

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	110.5546	106.9158	109.4157
February	112.0657	109.5721	111.2329
March	112.8508	110.2602	111.6494
April	116.1967	112.0609	113.4835
May	116.6009	113.1322	115.2907
June	118.7435	115.1862	116.8982
July	119.8135	112.0897	117.0711
August	112.8570	109.1846	111.1561
September	113.0039	108.4598	110.4239
October	115.9067	111.5821	114.3775
November	116.2481	111.7992	114.8275
December	116.2712	111.1728	114.0033