2024 SGD to SEK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SGD to SEK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SGD to SEK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 21, valuing the pair at 8.2210. Conversely, the yearly low was recorded on January 1, dropping to 7.6330.
This high-to-low spread represents a total annual volatility of 0.5880 SEK. From a start-to-finish perspective, comparing the January average rate of 7.7450 to the December average rate of 8.1379, the exchange rate registered a net change of 5.07% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 8.2210 was up 0.21% compared to the 2023 peak of 8.2035, 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 SEK 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 7.8294, compared to 7.9952 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1658 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was July, with a trading range of 0.4088 SEK (High: 8.0695 / Low: 7.6607). On the other end, September was the most stable month, with a tight range of 0.1204 SEK (High: 7.9646 / Low: 7.8443).
Growth Streaks & Declines
TrendsBetween January and April, 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 May and June, when the average rate fell by 0.1868 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2024: 8.1475) against the same month in 2023 (average: 7.9195), the exchange rate shifted by +0.2280 (+2.88%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.8177 | 7.6330 | 7.7450 |
| February | 7.8731 | 7.6473 | 7.7585 |
| March | 7.9266 | 7.6695 | 7.7729 |
| April | 8.0706 | 7.8352 | 7.9726 |
| May | 8.0502 | 7.7799 | 7.9571 |
| June | 7.8551 | 7.7045 | 7.7703 |
| July | 8.0695 | 7.6607 | 7.9016 |
| August | 8.0288 | 7.8019 | 7.9012 |
| September | 7.9646 | 7.8443 | 7.8897 |
| October | 8.0777 | 7.9193 | 7.9933 |
| November | 8.2210 | 7.9942 | 8.1475 |
| December | 8.1974 | 8.0670 | 8.1379 |