2024 SRD to SGD Historical Review

YEARLY HIGH

0.0465 SGD

YEARLY LOW

0.0359 SGD

YEARLY AVERAGE

0.0406 SGD

2024 SRD to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SRD to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 29, valuing the pair at 0.0465. Conversely, the yearly low was recorded on January 1, dropping to 0.0359.

This high-to-low spread represents a total annual volatility of 0.0106 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0364 to the December average rate of 0.0384, the exchange rate registered a net change of 5.36% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0465 was up 9.31% compared to the 2023 peak of 0.0426, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 SRD based on timing:

Yearly Peak High 233 SGD

2023 Average 184 SGD

Yearly Trough Low 180 SGD

Transaction Impact: A difference of 53.15 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0466

0.0355

JanuMarcMayJulySeptNove

SRD to SGD 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 0.0392, compared to 0.0419 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0026 points.

H1 Avg (Jan–Jun) 0.0392

H2 Avg (Jul–Dec) 0.0419

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 0.0039 SGD (High: 0.0423 / Low: 0.0384). On the other end, December was the most stable month, with a tight range of 0.0009 SGD (High: 0.0388 / Low: 0.0379).

October Spread (Volatile) ±0.0039

December Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0033 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0033

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2024: 0.0453) against the same month in 2023 (average: 0.0351), the exchange rate shifted by +0.0102 (+29.00%).

2024 Avg (July) 0.0453

2023 Avg (July) 0.0351

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0368	0.0359	0.0364
February	0.0381	0.0364	0.0372
March	0.0387	0.0375	0.0381
April	0.0404	0.0386	0.0392
May	0.0421	0.0401	0.0414
June	0.0443	0.0417	0.0431
July	0.0465	0.0440	0.0453
August	0.0464	0.0451	0.0457
September	0.0452	0.0417	0.0436
October	0.0423	0.0384	0.0403
November	0.0386	0.0376	0.0380
December	0.0388	0.0379	0.0384