2024 SGD to WST Historical Review

YEARLY HIGH

2.1877 WST

YEARLY LOW

2.0485 WST

YEARLY AVERAGE

2.0955 WST

2024 SGD to WST Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SGD to WST exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 2.1877. Conversely, the yearly low was recorded on December 31, dropping to 2.0485.

This high-to-low spread represents a total annual volatility of 0.1392 WST. From a start-to-finish perspective, comparing the January average rate of 2.0961 to the December average rate of 2.0725, the exchange rate registered a net change of -1.12% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.1877 was up 3.10% compared to the 2023 peak of 2.1220, 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 10,938 WST

2023 Average 10,173 WST

Yearly Trough Low 10,242 WST

Transaction Impact: A difference of 695.92 WST purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.1710

2.0530

JanuMarcMayJulySeptNove

SGD to WST 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 2.0785, compared to 2.1125 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0340 points.

H1 Avg (Jan–Jun) 2.0785

H2 Avg (Jul–Dec) 2.1125

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 0.0581 WST (High: 2.1735 / Low: 2.1154). On the other end, June was the most stable month, with a tight range of 0.0206 WST (High: 2.0811 / Low: 2.0605).

October Spread (Volatile) ±0.0581

June Spread (Stable) ±0.0206

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 0.0410 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0410

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 2.1612) against the same month in 2023 (average: 1.9940), the exchange rate shifted by +0.1672 (+8.39%).

2024 Avg (September) 2.1612

2023 Avg (September) 1.9940

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1214	2.0828	2.0961
February	2.0947	2.0724	2.0816
March	2.1048	2.0740	2.0875
April	2.0821	2.0508	2.0629
May	2.0839	2.0580	2.0729
June	2.0811	2.0605	2.0702
July	2.0954	2.0621	2.0807
August	2.1525	2.0946	2.1286
September	2.1877	2.1421	2.1612
October	2.1735	2.1154	2.1365
November	2.1316	2.0759	2.0955
December	2.0919	2.0485	2.0725