2024 SGD to MDL Historical Review

YEARLY HIGH

13.6993 MDL

YEARLY LOW

12.9304 MDL

YEARLY AVERAGE

13.2692 MDL

2024 SGD to MDL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SGD to MDL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 9, valuing the pair at 13.6993. Conversely, the yearly low was recorded on April 30, dropping to 12.9304.

This high-to-low spread represents a total annual volatility of 0.7689 MDL. From a start-to-finish perspective, comparing the January average rate of 13.1911 to the December average rate of 13.5580, the exchange rate registered a net change of 2.78% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 13.6993 was down 5.30% compared to the 2023 peak of 14.4657, 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 68,496 MDL

2023 Average 67,390 MDL

Yearly Trough Low 64,652 MDL

Transaction Impact: A difference of 3,844.27 MDL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

13.6079

13.0086

JanuMarcMayJulySeptNove

SGD to MDL 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 13.1361, compared to 13.4024 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2663 points.

H1 Avg (Jan–Jun) 13.1361

H2 Avg (Jul–Dec) 13.4024

Volatility Range Comparison

Volatility

The most volatile month in 2024 was September, with a trading range of 0.3576 MDL (High: 13.5774 / Low: 13.2198). On the other end, July was the most stable month, with a tight range of 0.1551 MDL (High: 13.2182 / Low: 13.0631).

September Spread (Volatile) ±0.3576

July Spread (Stable) ±0.1551

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.1022 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.1022

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 13.5580) against the same month in 2023 (average: 13.2238), the exchange rate shifted by +0.3342 (+2.53%).

2024 Avg (December) 13.5580

2023 Avg (December) 13.2238

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.3039	13.0425	13.1911
February	13.3206	13.1150	13.2340
March	13.2531	13.0448	13.1607
April	13.1566	12.9304	13.0585
May	13.1742	12.9661	13.0715
June	13.1976	12.9895	13.1008
July	13.2182	13.0631	13.1558
August	13.4726	13.2177	13.2916
September	13.5774	13.2198	13.4135
October	13.6193	13.3876	13.4913
November	13.6385	13.3285	13.5040
December	13.6993	13.4237	13.5580