2020 SGD to VEF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 SGD to VEF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the SGD to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 187980.9107. Conversely, the yearly low was recorded on March 23, dropping to 170565.6005.
This high-to-low spread represents a total annual volatility of 17415.3102 VEF. From a start-to-finish perspective, comparing the January average rate of 183947.9933 to the December average rate of 186540.5470, the exchange rate registered a net change of 1.41% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 187980.9107 was up 1.81% compared to the 2019 peak of 184647.1743, 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 2020.
SGD to VEF 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 177714.4335, compared to 182697.8824 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4983.4490 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 9912.2227 VEF (High: 180477.8232 / Low: 170565.6005). On the other end, October was the most stable month, with a tight range of 1779.7824 VEF (High: 183670.3690 / Low: 181890.5866).
Growth Streaks & Declines
TrendsBetween April and December, 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 January and February, when the average rate fell by 5074.4712 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2020: 186540.5470) against the same month in 2019 (average: 183183.0360), the exchange rate shifted by +3357.5110 (+1.83%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 184716.6278 | 182058.9008 | 183947.9933 |
| February | 182112.5389 | 177253.5267 | 178873.5221 |
| March | 180477.8232 | 170565.6005 | 175464.8176 |
| April | 176095.6153 | 172572.8469 | 174550.1693 |
| May | 176006.1837 | 174081.0496 | 175174.0584 |
| June | 179355.4448 | 176445.1056 | 178276.0402 |
| July | 181197.3051 | 178060.3302 | 179067.1453 |
| August | 182967.1175 | 180528.5662 | 181479.5654 |
| September | 183075.6337 | 180416.4977 | 181851.2893 |
| October | 183670.3690 | 181890.5866 | 182742.7662 |
| November | 185771.1248 | 181687.9041 | 184505.9814 |
| December | 187980.9107 | 185736.5491 | 186540.5470 |