2024 SGD to NPR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SGD to NPR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SGD to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 104.5928. Conversely, the yearly low was recorded on April 13, dropping to 97.7964.
This high-to-low spread represents a total annual volatility of 6.7964 NPR. From a start-to-finish perspective, comparing the January average rate of 99.5327 to the December average rate of 100.5791, the exchange rate registered a net change of 1.05% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 104.5928 was up 3.22% compared to the 2023 peak of 101.3303, 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 NPR 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 98.8288, compared to 101.5064 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.6776 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 3.1151 NPR (High: 103.2589 / Low: 100.1438). On the other end, May was the most stable month, with a tight range of 0.8886 NPR (High: 99.2673 / Low: 98.3787).
Growth Streaks & Declines
TrendsBetween 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 1.6521 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 103.5109) against the same month in 2023 (average: 97.4155), the exchange rate shifted by +6.0954 (+6.26%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 101.3580 | 98.9363 | 99.5327 |
| February | 99.6206 | 98.2429 | 98.7384 |
| March | 99.5505 | 98.3642 | 98.9827 |
| April | 98.9883 | 97.7964 | 98.2471 |
| May | 99.2673 | 98.3787 | 98.7367 |
| June | 99.3411 | 98.2788 | 98.7354 |
| July | 100.1446 | 98.3785 | 99.3590 |
| August | 103.2589 | 100.1438 | 101.9546 |
| September | 104.5928 | 102.7515 | 103.5109 |
| October | 104.0151 | 101.6254 | 102.6434 |
| November | 102.4756 | 99.9133 | 100.9913 |
| December | 101.2969 | 99.7417 | 100.5791 |