2024 SGD to MGA Historical Review

YEARLY HIGH

3555.7465 MGA

YEARLY LOW

3198.5403 MGA

YEARLY AVERAGE

3394.6469 MGA

2024 SGD to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SGD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 3555.7465. Conversely, the yearly low was recorded on April 16, dropping to 3198.5403.

This high-to-low spread represents a total annual volatility of 357.2062 MGA. From a start-to-finish perspective, comparing the January average rate of 3416.5646 to the December average rate of 3478.5619, the exchange rate registered a net change of 1.81% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 3555.7465 was up 1.72% compared to the 2023 peak of 3495.6551, 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 17,778,733 MGA

2023 Average 16,571,957 MGA

Yearly Trough Low 15,992,702 MGA

Transaction Impact: A difference of 1,786,031.10 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

3532.9867

3211.8380

JanuMarcMayJulySeptNove

SGD to MGA 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 3324.8236, compared to 3464.4702 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 139.6467 points.

H1 Avg (Jan–Jun) 3324.8236

H2 Avg (Jul–Dec) 3464.4702

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 153.0615 MGA (High: 3385.6317 / Low: 3232.5702). On the other end, February was the most stable month, with a tight range of 39.2305 MGA (High: 3396.4240 / Low: 3357.1936).

March Spread (Volatile) ±153.0615

February Spread (Stable) ±39.2305

Growth Streaks & Declines

Trends

Between 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 March and April, when the average rate fell by 92.0234 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -92.0234

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 3506.2243) against the same month in 2023 (average: 3307.7727), the exchange rate shifted by +198.4516 (+6.00%).

2024 Avg (September) 3506.2243

2023 Avg (September) 3307.7727

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3501.0119	3369.9283	3416.5646
February	3396.4240	3357.1936	3375.1565
March	3385.6317	3232.5702	3330.6238
April	3271.0560	3198.5403	3238.6004
May	3305.3184	3262.5736	3281.3944
June	3336.7663	3280.1191	3306.6016
July	3412.0750	3293.7652	3347.8518
August	3520.6396	3411.2219	3470.8206
September	3555.7465	3476.6842	3506.2243
October	3528.0145	3484.8013	3502.7256
November	3504.4891	3455.1118	3480.6372
December	3514.6872	3413.1157	3478.5619