2024 SVC to YER Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SVC to YER Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SVC to YER exchange rate experienced significant fluctuation. The market reached its absolute peak on August 4, valuing the pair at 28.8722. Conversely, the yearly low was recorded on February 4, dropping to 28.3523.
This high-to-low spread represents a total annual volatility of 0.5199 YER. From a start-to-finish perspective, comparing the January average rate of 28.6154 to the December average rate of 28.5881, the exchange rate registered a net change of -0.10% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 28.8722 was down 0.48% compared to the 2023 peak of 29.0115, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SVC based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SVC 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 28.6166, compared to 28.5993 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0173 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 0.3429 YER (High: 28.8722 / Low: 28.5293). On the other end, July was the most stable month, with a tight range of 0.1031 YER (High: 28.6906 / Low: 28.5875).
Growth Streaks & Declines
TrendsBetween May and August, 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 0.0348 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 28.6367) against the same month in 2023 (average: 28.6078), the exchange rate shifted by +0.0289 (+0.10%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 28.6977 | 28.5175 | 28.6154 |
| February | 28.6702 | 28.3523 | 28.6003 |
| March | 28.7455 | 28.5383 | 28.6297 |
| April | 28.6952 | 28.5336 | 28.6314 |
| May | 28.7092 | 28.5335 | 28.6093 |
| June | 28.6774 | 28.4317 | 28.6136 |
| July | 28.6906 | 28.5875 | 28.6169 |
| August | 28.8722 | 28.5293 | 28.6367 |
| September | 28.6841 | 28.5627 | 28.6045 |
| October | 28.6311 | 28.4892 | 28.5922 |
| November | 28.6831 | 28.3912 | 28.5574 |
| December | 28.6719 | 28.5207 | 28.5881 |