2024 SGD to ZAR Historical Review

YEARLY HIGH

14.3723 ZAR

YEARLY LOW

13.1027 ZAR

YEARLY AVERAGE

13.7162 ZAR

2024 SGD to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SGD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 25, valuing the pair at 14.3723. Conversely, the yearly low was recorded on November 7, dropping to 13.1027.

This high-to-low spread represents a total annual volatility of 1.2696 ZAR. From a start-to-finish perspective, comparing the January average rate of 14.0366 to the December average rate of 13.5016, the exchange rate registered a net change of -3.81% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 14.3723 was down 1.57% compared to the 2023 peak of 14.6022, 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 71,861 ZAR

2023 Average 68,696 ZAR

Yearly Trough Low 65,513 ZAR

Transaction Impact: A difference of 6,347.99 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

14.2143

13.3341

JanuMarcMayJulySeptNove

SGD to ZAR 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 13.8981, compared to 13.5342 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3639 points.

H1 Avg (Jan–Jun) 13.8981

H2 Avg (Jul–Dec) 13.5342

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.8406 ZAR (High: 14.0962 / Low: 13.2556). On the other end, October was the most stable month, with a tight range of 0.1796 ZAR (High: 13.5061 / Low: 13.3265).

June Spread (Volatile) ±0.8406

October Spread (Stable) ±0.1796

Growth Streaks & Declines

Trends

Between October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.2844 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2844

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 14.1410) against the same month in 2023 (average: 13.4450), the exchange rate shifted by +0.6960 (+5.18%).

2024 Avg (February) 14.1410

2023 Avg (February) 13.4450

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.3099	13.7298	14.0366
February	14.3723	13.9007	14.1410
March	14.2025	13.8910	14.0581
April	14.1739	13.7039	13.9135
May	13.8864	13.4064	13.6291
June	14.0962	13.2556	13.6105
July	13.7270	13.3815	13.5457
August	14.1520	13.5380	13.7318
September	13.7605	13.3555	13.5790
October	13.5061	13.3265	13.4074
November	13.7356	13.1027	13.4396
December	13.8721	13.1802	13.5016