2024 SGD to TRY Historical Review

YEARLY HIGH

26.6914 TRY

YEARLY LOW

22.3890 TRY

YEARLY AVERAGE

24.6160 TRY

2024 SGD to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SGD to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 26.6914. Conversely, the yearly low was recorded on January 1, dropping to 22.3890.

This high-to-low spread represents a total annual volatility of 4.3024 TRY. From a start-to-finish perspective, comparing the January average rate of 22.5265 to the December average rate of 25.9080, the exchange rate registered a net change of 15.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 26.6914 was up 19.23% compared to the 2023 peak of 22.3868, 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 133,457 TRY

2023 Average 88,633 TRY

Yearly Trough Low 111,945 TRY

Transaction Impact: A difference of 21,512.11 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

26.6710

22.1498

JanuMarcMayJulySeptNove

SGD to TRY 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 23.5279, compared to 25.7042 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.1762 points.

H1 Avg (Jan–Jun) 23.5279

H2 Avg (Jul–Dec) 25.7042

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 1.3803 TRY (High: 26.1930 / Low: 24.8126). On the other end, May was the most stable month, with a tight range of 0.1646 TRY (High: 23.9758 / Low: 23.8112).

August Spread (Volatile) ±1.3803

May Spread (Stable) ±0.1646

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.3469 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.3469

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 26.2942) against the same month in 2023 (average: 19.8119), the exchange rate shifted by +6.4824 (+32.72%).

2024 Avg (September) 26.2942

2023 Avg (September) 19.8119

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	22.6695	22.3890	22.5265
February	23.2537	22.6734	22.9038
March	24.2084	23.3417	23.9027
April	23.9764	23.7026	23.8419
May	23.9758	23.8112	23.8892
June	24.3450	23.8342	24.1035
July	24.8311	24.0073	24.4644
August	26.1930	24.8126	25.6217
September	26.6914	25.9485	26.2942
October	26.5403	25.8980	26.1418
November	26.1213	25.5818	25.7949
December	25.9925	25.7136	25.9080