2024 SGD to MWK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SGD to MWK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SGD to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 1356.3560. Conversely, the yearly low was recorded on March 21, dropping to 1242.2634.
This high-to-low spread represents a total annual volatility of 114.0925 MWK. From a start-to-finish perspective, comparing the January average rate of 1259.6506 to the December average rate of 1283.1680, the exchange rate registered a net change of 1.87% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 1356.3560 was up 6.21% compared to the 2023 peak of 1277.0338, 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 MWK 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 1270.2012, compared to 1308.3318 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 38.1306 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 49.7348 MWK (High: 1291.9983 / Low: 1242.2634). On the other end, June was the most stable month, with a tight range of 12.9804 MWK (High: 1288.8381 / Low: 1275.8577).
Growth Streaks & Declines
TrendsBetween February and May, 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 25.7815 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 1339.1638) against the same month in 2023 (average: 795.4966), the exchange rate shifted by +543.6672 (+68.34%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1278.9978 | 1252.1580 | 1259.6506 |
| February | 1264.3982 | 1245.8134 | 1251.5370 |
| March | 1291.9983 | 1242.2634 | 1266.5549 |
| April | 1291.1337 | 1270.5455 | 1278.1178 |
| May | 1289.8890 | 1275.9645 | 1283.6338 |
| June | 1288.8381 | 1275.8577 | 1281.7129 |
| July | 1297.8393 | 1276.3059 | 1288.1011 |
| August | 1334.0764 | 1295.9973 | 1316.7452 |
| September | 1356.3560 | 1326.5031 | 1339.1638 |
| October | 1345.1344 | 1309.6924 | 1324.2970 |
| November | 1320.7044 | 1286.6970 | 1298.5155 |
| December | 1297.2041 | 1268.6931 | 1283.1680 |