2024 SGD to PEN Historical Review

YEARLY HIGH

2.9433 PEN

YEARLY LOW

2.7066 PEN

YEARLY AVERAGE

2.8088 PEN

2024 SGD to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SGD to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 2.9433. Conversely, the yearly low was recorded on April 13, dropping to 2.7066.

This high-to-low spread represents a total annual volatility of 0.2367 PEN. From a start-to-finish perspective, comparing the January average rate of 2.7932 to the December average rate of 2.7621, the exchange rate registered a net change of -1.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.9433 was down 1.06% compared to the 2023 peak of 2.9748, 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 14,716 PEN

2023 Average 13,925 PEN

Yearly Trough Low 13,533 PEN

Transaction Impact: A difference of 1,183.31 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.9265

2.7202

JanuMarcMayJulySeptNove

SGD to PEN 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 2.7843, compared to 2.8332 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0488 points.

H1 Avg (Jan–Jun) 2.7843

H2 Avg (Jul–Dec) 2.8332

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0915 PEN (High: 2.8144 / Low: 2.7229). On the other end, October was the most stable month, with a tight range of 0.0368 PEN (High: 2.8770 / Low: 2.8402).

March Spread (Volatile) ±0.0915

October Spread (Stable) ±0.0368

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0768 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0768

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 2.9093) against the same month in 2023 (average: 2.7314), the exchange rate shifted by +0.1779 (+6.51%).

2024 Avg (September) 2.9093

2023 Avg (September) 2.7314

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8471	2.7578	2.7932
February	2.8794	2.8093	2.8464
March	2.8144	2.7229	2.7696
April	2.7660	2.7066	2.7374
May	2.7845	2.7215	2.7623
June	2.8273	2.7696	2.7970
July	2.8353	2.7690	2.7968
August	2.8815	2.7948	2.8394
September	2.9433	2.8673	2.9093
October	2.8770	2.8402	2.8619
November	2.8708	2.7913	2.8295
December	2.7947	2.7355	2.7621