2024 SGD to SCR Historical Review

YEARLY HIGH

11.5031 SCR

YEARLY LOW

9.7148 SCR

YEARLY AVERAGE

10.2311 SCR

2024 SGD to SCR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SGD to SCR exchange rate experienced significant fluctuation. The market reached its absolute peak on October 14, valuing the pair at 11.5031. Conversely, the yearly low was recorded on January 17, dropping to 9.7148.

This high-to-low spread represents a total annual volatility of 1.7883 SCR. From a start-to-finish perspective, comparing the January average rate of 10.0182 to the December average rate of 10.4498, the exchange rate registered a net change of 4.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 11.5031 was up 6.60% compared to the 2023 peak of 10.7906, 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 57,516 SCR

2023 Average 50,052 SCR

Yearly Trough Low 48,574 SCR

Transaction Impact: A difference of 8,941.66 SCR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

10.5113

9.9598

JanuMarcMayJulySeptNove

SGD to SCR 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 10.0824, compared to 10.3798 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2974 points.

H1 Avg (Jan–Jun) 10.0824

H2 Avg (Jul–Dec) 10.3798

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 1.5470 SCR (High: 11.5031 / Low: 9.9561). On the other end, May was the most stable month, with a tight range of 0.3660 SCR (High: 10.2658 / Low: 9.8998).

October Spread (Volatile) ±1.5470

May Spread (Stable) ±0.3660

Growth Streaks & Declines

Trends

Between April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.1747 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1747

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 10.4653) against the same month in 2023 (average: 9.7364), the exchange rate shifted by +0.7289 (+7.49%).

2024 Avg (October) 10.4653

2023 Avg (October) 9.7364

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.4412	9.7148	10.0182
February	10.2712	9.7586	10.0057
March	10.6875	9.9296	10.1337
April	10.5527	9.8529	10.0131
May	10.2658	9.8998	10.1102
June	10.8305	10.0181	10.2133
July	10.4978	9.9615	10.2517
August	11.3286	9.8524	10.4410
September	10.8221	9.9946	10.3801
October	11.5031	9.9561	10.4653
November	10.6511	9.9922	10.2906
December	11.1982	9.8930	10.4498