2024 SGD to SYP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SGD to SYP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SGD to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 22, valuing the pair at 9592.4571. Conversely, the yearly low was recorded on April 30, dropping to 1840.2566.
This high-to-low spread represents a total annual volatility of 7752.2004 SYP. From a start-to-finish perspective, comparing the January average rate of 1880.8732 to the December average rate of 4598.6692, the exchange rate registered a net change of 144.50% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 9592.4571 was up 398.37% compared to the 2023 peak of 1924.7794, 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 SYP 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 1865.1299, compared to 2352.0915 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 486.9616 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 7749.4264 SYP (High: 9592.4571 / Low: 1843.0307). On the other end, June was the most stable month, with a tight range of 18.4639 SYP (High: 1867.4134 / Low: 1848.9494).
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 36.7555 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 4598.6692) against the same month in 2023 (average: 1887.2271), the exchange rate shifted by +2711.4422 (+143.67%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1903.6193 | 1868.9692 | 1880.8732 |
| February | 1879.6514 | 1859.6332 | 1867.9181 |
| March | 1888.6943 | 1861.0672 | 1873.1804 |
| April | 1868.3368 | 1840.2566 | 1851.0809 |
| May | 1869.9247 | 1846.7343 | 1860.0416 |
| June | 1867.4134 | 1848.9494 | 1857.6852 |
| July | 1880.2562 | 1850.4078 | 1867.0451 |
| August | 1931.4629 | 1879.5248 | 1910.0608 |
| September | 1963.0674 | 1922.1480 | 1939.3053 |
| October | 1950.3283 | 1898.1902 | 1917.1121 |
| November | 1912.7274 | 1862.7947 | 1880.3566 |
| December | 9592.4571 | 1843.0307 | 4598.6692 |