2024 SGD to KRW Historical Review

YEARLY HIGH

1085.2859 KRW

YEARLY LOW

970.2774 KRW

YEARLY AVERAGE

1020.4634 KRW

2024 SGD to KRW Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SGD to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 1085.2859. Conversely, the yearly low was recorded on January 1, dropping to 970.2774.

This high-to-low spread represents a total annual volatility of 115.0086 KRW. From a start-to-finish perspective, comparing the January average rate of 991.6260 to the December average rate of 1066.3387, the exchange rate registered a net change of 7.53% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 1085.2859 was up 7.84% compared to the 2023 peak of 1006.4011, 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 5,426,430 KRW

2023 Average 4,863,003 KRW

Yearly Trough Low 4,851,387 KRW

Transaction Impact: A difference of 575,042.77 KRW purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1073.9090

983.0652

JanuMarcMayJulySeptNove

SGD to KRW 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 1002.6687, compared to 1038.2581 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 35.5893 points.

H1 Avg (Jan–Jun) 1002.6687

H2 Avg (Jul–Dec) 1038.2581

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 44.8348 KRW (High: 1085.2859 / Low: 1040.4511). On the other end, February was the most stable month, with a tight range of 12.2953 KRW (High: 996.5184 / Low: 984.2231).

December Spread (Volatile) ±44.8348

February Spread (Stable) ±12.2953

Growth Streaks & Declines

Trends

Between February and July, 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 January and February, when the average rate fell by 0.9904 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.9904

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 1066.3387) against the same month in 2023 (average: 977.5042), the exchange rate shifted by +88.8345 (+9.09%).

2024 Avg (December) 1066.3387

2023 Avg (December) 977.5042

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1000.6519	970.2774	991.6260
February	996.5184	984.2231	990.6355
March	1001.2957	984.7964	993.3909
April	1019.8542	998.1157	1009.2567
May	1021.8618	1001.1050	1009.6641
June	1028.2645	1014.8478	1021.4392
July	1033.9297	1018.9232	1027.2188
August	1037.3851	1018.2286	1026.2931
September	1036.2169	1018.7235	1026.5977
October	1051.3780	1025.5022	1039.1240
November	1054.7677	1037.3029	1043.9762
December	1085.2859	1040.4511	1066.3387