2024 SRD to IDR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SRD to IDR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SRD to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 5, valuing the pair at 565.4990. Conversely, the yearly low was recorded on January 1, dropping to 418.8268.
This high-to-low spread represents a total annual volatility of 146.6722 IDR. From a start-to-finish perspective, comparing the January average rate of 425.7789 to the December average rate of 456.2151, the exchange rate registered a net change of 7.15% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 565.4990 was up 14.23% compared to the 2023 peak of 495.0350, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SRD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SRD to IDR 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 464.2140, compared to 499.6786 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 35.4646 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was October, with a trading range of 51.7324 IDR (High: 508.6754 / Low: 456.9430). On the other end, January was the most stable month, with a tight range of 13.7287 IDR (High: 432.5555 / Low: 418.8268).
Growth Streaks & Declines
TrendsBetween January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 36.0176 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 547.2177) against the same month in 2023 (average: 398.8887), the exchange rate shifted by +148.3289 (+37.19%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 432.5555 | 418.8268 | 425.7789 |
| February | 445.2779 | 427.7168 | 433.3198 |
| March | 456.2273 | 438.1624 | 446.1213 |
| April | 481.4349 | 454.1256 | 465.4091 |
| May | 505.7356 | 474.2145 | 492.6390 |
| June | 537.6198 | 502.8802 | 522.0161 |
| July | 565.2892 | 531.6350 | 547.4591 |
| August | 565.4990 | 534.6709 | 547.2177 |
| September | 538.5537 | 492.6470 | 516.4927 |
| October | 508.6754 | 456.9430 | 480.4751 |
| November | 461.1709 | 445.5543 | 450.2119 |
| December | 464.0823 | 447.4404 | 456.2151 |