2024 SGD to MMK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SGD to MMK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SGD to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 21, valuing the pair at 2415.5632. Conversely, the yearly low was recorded on December 31, dropping to 1534.9014.
This high-to-low spread represents a total annual volatility of 880.6617 MMK. From a start-to-finish perspective, comparing the January average rate of 1571.7505 to the December average rate of 1552.8885, the exchange rate registered a net change of -1.20% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 2415.5632 was up 50.16% compared to the 2023 peak of 1608.6253, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SGD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SGD to MMK Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 1569.4804, compared to 1604.9309 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 35.4505 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was July, with a trading range of 856.8487 MMK (High: 2415.5632 / Low: 1558.7144). On the other end, May was the most stable month, with a tight range of 19.3771 MMK (High: 1562.7241 / Low: 1543.3469).
Growth Streaks & Declines
TrendsBetween April and July, 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 July and August, when the average rate fell by 96.5466 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2024: 1691.4758) against the same month in 2023 (average: 1571.2295), the exchange rate shifted by +120.2464 (+7.65%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1595.5604 | 1562.0218 | 1571.7505 |
| February | 1577.3763 | 1554.3671 | 1561.4927 |
| March | 1578.9366 | 1549.1105 | 1564.7596 |
| April | 1561.5259 | 1538.0973 | 1546.5184 |
| May | 1562.7241 | 1543.3469 | 1554.1390 |
| June | 1832.2088 | 1546.5302 | 1618.2222 |
| July | 2415.5632 | 1558.7144 | 1691.4758 |
| August | 1612.8003 | 1569.4312 | 1594.9292 |
| September | 1639.1906 | 1605.0222 | 1619.3488 |
| October | 1628.5532 | 1585.0171 | 1600.8171 |
| November | 1597.1559 | 1555.4613 | 1570.1258 |
| December | 1567.4403 | 1534.9014 | 1552.8885 |