2024 SGD to YER Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SGD to YER Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SGD to YER exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 195.5817. Conversely, the yearly low was recorded on December 31, dropping to 182.7888.
This high-to-low spread represents a total annual volatility of 12.7929 YER. From a start-to-finish perspective, comparing the January average rate of 187.4066 to the December average rate of 185.0971, the exchange rate registered a net change of -1.23% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 195.5817 was up 1.96% compared to the 2023 peak of 191.8245, 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 YER 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 185.8284, compared to 188.7860 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.9576 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was October, with a trading range of 5.1946 YER (High: 194.3125 / Low: 189.1179). On the other end, June was the most stable month, with a tight range of 1.8504 YER (High: 186.1177 / Low: 184.2672).
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 3.9803 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 193.2188) against the same month in 2023 (average: 183.6213), the exchange rate shifted by +9.5975 (+5.23%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 189.5869 | 186.2438 | 187.4066 |
| February | 187.2522 | 185.1448 | 186.0788 |
| March | 188.1530 | 185.4378 | 186.6523 |
| April | 186.1808 | 183.3826 | 184.4573 |
| May | 185.9484 | 184.0097 | 185.2595 |
| June | 186.1177 | 184.2672 | 185.1159 |
| July | 187.3499 | 184.3758 | 186.0312 |
| August | 192.4245 | 187.2770 | 190.3127 |
| September | 195.5817 | 191.5048 | 193.2188 |
| October | 194.3125 | 189.1179 | 191.0183 |
| November | 190.1856 | 185.2949 | 187.0380 |
| December | 187.0767 | 182.7888 | 185.0971 |