2024 SGD to SVC Historical Review

YEARLY HIGH

6.8352 SVC

YEARLY LOW

6.4020 SVC

YEARLY AVERAGE

6.5474 SVC

2024 SGD to SVC Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SGD to SVC exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 6.8352. Conversely, the yearly low was recorded on December 31, dropping to 6.4020.

This high-to-low spread represents a total annual volatility of 0.4332 SVC. From a start-to-finish perspective, comparing the January average rate of 6.5491 to the December average rate of 6.4746, the exchange rate registered a net change of -1.14% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 6.8352 was up 1.98% compared to the 2023 peak of 6.7027, 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 34,176 SVC

2023 Average 32,567 SVC

Yearly Trough Low 32,010 SVC

Transaction Impact: A difference of 2,165.85 SVC purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

6.7861

6.4112

JanuMarcMayJulySeptNove

SGD to SVC 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 6.4937, compared to 6.6011 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1073 points.

H1 Avg (Jan–Jun) 6.4937

H2 Avg (Jul–Dec) 6.6011

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.1961 SVC (High: 6.7356 / Low: 6.5395). On the other end, June was the most stable month, with a tight range of 0.0716 SVC (High: 6.5120 / Low: 6.4404).

August Spread (Volatile) ±0.1961

June Spread (Stable) ±0.0716

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 0.1312 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1312

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 6.7548) against the same month in 2023 (average: 6.4165), the exchange rate shifted by +0.3383 (+5.27%).

2024 Avg (September) 6.7548

2023 Avg (September) 6.4165

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6.6481	6.5084	6.5491
February	6.5722	6.4766	6.5062
March	6.5788	6.4545	6.5196
April	6.5060	6.4088	6.4425
May	6.5116	6.4304	6.4755
June	6.5120	6.4404	6.4695
July	6.5458	6.4443	6.5007
August	6.7356	6.5395	6.6458
September	6.8352	6.6937	6.7548
October	6.7868	6.6113	6.6808
November	6.6627	6.4823	6.5496
December	6.5414	6.4020	6.4746