2024 SGD to TWD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SGD to TWD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SGD to TWD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 25, valuing the pair at 24.8097. Conversely, the yearly low was recorded on February 17, dropping to 23.2216.
This high-to-low spread represents a total annual volatility of 1.5881 TWD. From a start-to-finish perspective, comparing the January average rate of 23.3491 to the December average rate of 24.1103, the exchange rate registered a net change of 3.26% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 24.8097 was up 4.26% compared to the 2023 peak of 23.7965, 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 TWD 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 23.6702, compared to 24.3697 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6995 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was October, with a trading range of 0.6319 TWD (High: 24.7722 / Low: 24.1403). On the other end, June was the most stable month, with a tight range of 0.1691 TWD (High: 24.0470 / Low: 23.8779).
Growth Streaks & Declines
TrendsBetween January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.2883 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 24.6621) against the same month in 2023 (average: 23.4890), the exchange rate shifted by +1.1730 (+4.99%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.4869 | 23.2445 | 23.3491 |
| February | 23.5421 | 23.2216 | 23.3634 |
| March | 23.7331 | 23.4654 | 23.6188 |
| April | 23.9742 | 23.6848 | 23.8303 |
| May | 23.9967 | 23.8105 | 23.9092 |
| June | 24.0470 | 23.8779 | 23.9504 |
| July | 24.4691 | 23.9624 | 24.2481 |
| August | 24.7373 | 24.4084 | 24.5052 |
| September | 24.8097 | 24.5108 | 24.6621 |
| October | 24.7722 | 24.1403 | 24.4905 |
| November | 24.3286 | 23.9942 | 24.2022 |
| December | 24.2388 | 23.9633 | 24.1103 |