2024 SGD to MVR Historical Review

YEARLY HIGH

12.0009 MVR

YEARLY LOW

10.6774 MVR

YEARLY AVERAGE

11.5270 MVR

2024 SGD to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SGD to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 12.0009. Conversely, the yearly low was recorded on May 2, dropping to 10.6774.

This high-to-low spread represents a total annual volatility of 1.3235 MVR. From a start-to-finish perspective, comparing the January average rate of 11.5294 to the December average rate of 11.4049, the exchange rate registered a net change of -1.08% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 12.0009 was up 1.99% compared to the 2023 peak of 11.7669, 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 60,005 MVR

2023 Average 57,235 MVR

Yearly Trough Low 53,387 MVR

Transaction Impact: A difference of 6,617.73 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

11.8992

11.3355

JanuMarcMayJulySeptNove

SGD to MVR 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 11.4445, compared to 11.6095 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1650 points.

H1 Avg (Jan–Jun) 11.4445

H2 Avg (Jul–Dec) 11.6095

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.8211 MVR (High: 11.4985 / Low: 10.6774). On the other end, February was the most stable month, with a tight range of 0.1597 MVR (High: 11.5209 / Low: 11.3612).

May Spread (Volatile) ±0.8211

February Spread (Stable) ±0.1597

Growth Streaks & Declines

Trends

Between June and September, 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 October and November, when the average rate fell by 0.1636 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1636

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 11.8522) against the same month in 2023 (average: 11.3081), the exchange rate shifted by +0.5441 (+4.81%).

2024 Avg (September) 11.8522

2023 Avg (September) 11.3081

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.6678	11.4629	11.5294
February	11.5209	11.3612	11.4451
March	11.6670	11.4480	11.5068
April	11.4887	11.3213	11.3851
May	11.4985	10.6774	11.4182
June	11.4459	11.2541	11.3825
July	11.5236	11.3417	11.4404
August	11.8164	11.4827	11.6917
September	12.0009	11.7468	11.8522
October	11.9231	11.6027	11.7156
November	11.7313	11.4547	11.5519
December	11.5259	11.2667	11.4049