2024 SGD to NIO Historical Review

YEARLY HIGH

28.7522 NIO

YEARLY LOW

26.9252 NIO

YEARLY AVERAGE

27.5274 NIO

2024 SGD to NIO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SGD to NIO exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 28.7522. Conversely, the yearly low was recorded on December 31, dropping to 26.9252.

This high-to-low spread represents a total annual volatility of 1.8270 NIO. From a start-to-finish perspective, comparing the January average rate of 27.4359 to the December average rate of 27.2276, the exchange rate registered a net change of -0.76% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 28.7522 was up 2.72% compared to the 2023 peak of 27.9901, 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 143,761 NIO

2023 Average 136,109 NIO

Yearly Trough Low 134,626 NIO

Transaction Impact: A difference of 9,135.09 NIO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

28.5359

26.9897

JanuMarcMayJulySeptNove

SGD to NIO 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 27.2920, compared to 27.7629 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4709 points.

H1 Avg (Jan–Jun) 27.2920

H2 Avg (Jul–Dec) 27.7629

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.7706 NIO (High: 28.3081 / Low: 27.5375). On the other end, June was the most stable month, with a tight range of 0.2575 NIO (High: 27.3492 / Low: 27.0917).

August Spread (Volatile) ±0.7706

June Spread (Stable) ±0.2575

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 0.5576 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.5576

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 28.4070) against the same month in 2023 (average: 26.8300), the exchange rate shifted by +1.5771 (+5.88%).

2024 Avg (September) 28.4070

2023 Avg (September) 26.8300

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	27.8078	27.2637	27.4359
February	27.5006	27.2230	27.3420
March	27.6735	27.1646	27.4208
April	27.3646	26.9497	27.1186
May	27.3951	26.9932	27.2280
June	27.3492	27.0917	27.2067
July	27.5635	27.1134	27.3460
August	28.3081	27.5375	27.9690
September	28.7522	28.1611	28.4070
October	28.5368	27.8016	28.0926
November	28.0142	27.2539	27.5350
December	27.4933	26.9252	27.2276