2024 SGD to STD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SGD to STD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SGD to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 17409.0163. Conversely, the yearly low was recorded on December 31, dropping to 16301.4143.
This high-to-low spread represents a total annual volatility of 1107.6021 STD. From a start-to-finish perspective, comparing the January average rate of 16680.0955 to the December average rate of 16492.4458, the exchange rate registered a net change of -1.12% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 17409.0163 was down 0.43% compared to the 2023 peak of 17484.8245, 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 STD 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 16540.4798, compared to 16810.6870 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 270.2073 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was October, with a trading range of 462.3751 STD (High: 17296.0427 / Low: 16833.6676). On the other end, June was the most stable month, with a tight range of 163.7432 STD (High: 16560.7302 / Low: 16396.9870).
Growth Streaks & Declines
TrendsBetween 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 325.9575 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 17198.2874) against the same month in 2023 (average: 16343.3785), the exchange rate shifted by +854.9089 (+5.23%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 16881.8141 | 16574.5273 | 16680.0955 |
| February | 16669.2601 | 16491.7337 | 16565.2061 |
| March | 16749.4550 | 16504.4502 | 16611.8737 |
| April | 16568.9194 | 16319.8969 | 16415.8897 |
| May | 16583.0017 | 16377.3423 | 16495.3552 |
| June | 16560.7302 | 16396.9870 | 16474.4583 |
| July | 16674.6241 | 16409.9203 | 16557.4642 |
| August | 17128.7388 | 16668.1379 | 16938.9391 |
| September | 17409.0163 | 17046.1318 | 17198.2874 |
| October | 17296.0427 | 16833.6676 | 17001.4716 |
| November | 16962.5871 | 16519.7702 | 16675.5141 |
| December | 16646.9927 | 16301.4143 | 16492.4458 |