2024 SGD to QAR Historical Review

YEARLY HIGH

2.8446 QAR

YEARLY LOW

2.6676 QAR

YEARLY AVERAGE

2.7263 QAR

2024 SGD to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SGD to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 2.8446. Conversely, the yearly low was recorded on December 31, dropping to 2.6676.

This high-to-low spread represents a total annual volatility of 0.1769 QAR. From a start-to-finish perspective, comparing the January average rate of 2.7273 to the December average rate of 2.6963, the exchange rate registered a net change of -1.13% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.8446 was up 1.85% compared to the 2023 peak of 2.7928, 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 14,223 QAR

2023 Average 13,567 QAR

Yearly Trough Low 13,338 QAR

Transaction Impact: A difference of 884.73 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.8245

2.6708

JanuMarcMayJulySeptNove

SGD to QAR 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 2.7043, compared to 2.7482 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0439 points.

H1 Avg (Jan–Jun) 2.7043

H2 Avg (Jul–Dec) 2.7482

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0757 QAR (High: 2.7986 / Low: 2.7229). On the other end, May was the most stable month, with a tight range of 0.0372 QAR (High: 2.7144 / Low: 2.6772).

August Spread (Volatile) ±0.0757

May Spread (Stable) ±0.0372

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 0.0551 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0551

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 2.8117) against the same month in 2023 (average: 2.6713), the exchange rate shifted by +0.1404 (+5.26%).

2024 Avg (September) 2.8117

2023 Avg (September) 2.6713

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.7702	2.7095	2.7273
February	2.7409	2.6949	2.7088
March	2.7368	2.6930	2.7150
April	2.7095	2.6686	2.6837
May	2.7144	2.6772	2.6971
June	2.7182	2.6805	2.6942
July	2.7259	2.6813	2.7078
August	2.7986	2.7229	2.7661
September	2.8446	2.7870	2.8117
October	2.8265	2.7513	2.7812
November	2.7722	2.6991	2.7261
December	2.7238	2.6676	2.6963