2024 SGD to SAR Historical Review

YEARLY HIGH

2.9308 SAR

YEARLY LOW

2.7470 SAR

YEARLY AVERAGE

2.8081 SAR

2024 SGD to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SGD to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 2.9308. Conversely, the yearly low was recorded on April 30, dropping to 2.7470.

This high-to-low spread represents a total annual volatility of 0.1838 SAR. From a start-to-finish perspective, comparing the January average rate of 2.8074 to the December average rate of 2.7806, the exchange rate registered a net change of -0.96% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.9308 was up 1.96% compared to the 2023 peak of 2.8746, 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 14,654 SAR

2023 Average 13,970 SAR

Yearly Trough Low 13,735 SAR

Transaction Impact: A difference of 919.02 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.9095

2.7500

JanuMarcMayJulySeptNove

SGD to SAR 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 2.7841, compared to 2.8321 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0480 points.

H1 Avg (Jan–Jun) 2.7841

H2 Avg (Jul–Dec) 2.8321

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0771 SAR (High: 2.8842 / Low: 2.8072). On the other end, June was the most stable month, with a tight range of 0.0268 SAR (High: 2.7876 / Low: 2.7608).

August Spread (Volatile) ±0.0771

June Spread (Stable) ±0.0268

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 0.0547 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0547

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 2.8962) against the same month in 2023 (average: 2.7510), the exchange rate shifted by +0.1452 (+5.28%).

2024 Avg (September) 2.8962

2023 Avg (September) 2.7510

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8412	2.7897	2.8074
February	2.8055	2.7758	2.7881
March	2.8195	2.7754	2.7960
April	2.7890	2.7470	2.7633
May	2.7912	2.7568	2.7765
June	2.7876	2.7608	2.7733
July	2.8077	2.7631	2.7874
August	2.8842	2.8072	2.8526
September	2.9308	2.8708	2.8962
October	2.9124	2.8373	2.8653
November	2.8598	2.7841	2.8107
December	2.8065	2.7481	2.7806