2024 SGD to MXN Historical Review

YEARLY HIGH

15.4079 MXN

YEARLY LOW

12.1170 MXN

YEARLY AVERAGE

13.7166 MXN

2024 SGD to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SGD to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on September 10, valuing the pair at 15.4079. Conversely, the yearly low was recorded on April 8, dropping to 12.1170.

This high-to-low spread represents a total annual volatility of 3.2909 MXN. From a start-to-finish perspective, comparing the January average rate of 12.7688 to the December average rate of 14.9907, the exchange rate registered a net change of 17.40% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 15.4079 was up 5.88% compared to the 2023 peak of 14.5526, 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 77,040 MXN

2023 Average 66,036 MXN

Yearly Trough Low 60,585 MXN

Transaction Impact: A difference of 16,454.58 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

15.4909

12.1028

JanuMarcMayJulySeptNove

SGD to MXN 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 12.7074, compared to 14.7257 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.0183 points.

H1 Avg (Jan–Jun) 12.7074

H2 Avg (Jul–Dec) 14.7257

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 1.3628 MXN (High: 13.9165 / Low: 12.5537). On the other end, February was the most stable month, with a tight range of 0.1459 MXN (High: 12.7778 / Low: 12.6319).

June Spread (Volatile) ±1.3628

February Spread (Stable) ±0.1459

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 November and December, when the average rate fell by 0.2179 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.2179

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 15.1264) against the same month in 2023 (average: 12.6874), the exchange rate shifted by +2.4390 (+19.22%).

2024 Avg (September) 15.1264

2023 Avg (September) 12.6874

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.9079	12.6570	12.7688
February	12.7778	12.6319	12.7056
March	12.6593	12.2720	12.5016
April	12.6574	12.1170	12.3851
May	12.5997	12.2867	12.4359
June	13.9165	12.5537	13.4474
July	13.9881	13.1315	13.4535
August	15.2367	14.1047	14.5622
September	15.4079	14.7559	15.1264
October	15.2524	14.7710	15.0129
November	15.3840	14.9968	15.2086
December	15.2678	14.8049	14.9907