YEARLY HIGH
17409.0163 STD
YEARLY LOW
16301.4143 STD
YEARLY AVERAGE
16675.5834 STD

2024 SGD to STD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SGD to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 17409.0163. Conversely, the yearly low was recorded on December 31, dropping to 16301.4143.

This high-to-low spread represents a total annual volatility of 1107.6021 STD. From a start-to-finish perspective, comparing the January average rate of 16680.0955 to the December average rate of 16492.4458, the exchange rate registered a net change of -1.12% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 17409.0163 was down 0.43% compared to the 2023 peak of 17484.8245, 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 87,045,082 STD
2023 Average 84,125,979 STD
Yearly Trough Low 81,507,071 STD
Transaction Impact: A difference of 5,538,010.35 STD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

17276.5272
16337.6499
JanuMarcMayJulySeptNove

SGD to STD 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 16540.4798, compared to 16810.6870 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 270.2073 points.

H1 Avg (Jan–Jun) 16540.4798
H2 Avg (Jul–Dec) 16810.6870

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 462.3751 STD (High: 17296.0427 / Low: 16833.6676). On the other end, June was the most stable month, with a tight range of 163.7432 STD (High: 16560.7302 / Low: 16396.9870).

October Spread (Volatile) ±462.3751
June Spread (Stable) ±163.7432

Growth Streaks & Declines

Trends

Between 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 325.9575 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -325.9575

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 17198.2874) against the same month in 2023 (average: 16343.3785), the exchange rate shifted by +854.9089 (+5.23%).

2024 Avg (September) 17198.2874
2023 Avg (September) 16343.3785

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 16881.8141 16574.5273 16680.0955
February 16669.2601 16491.7337 16565.2061
March 16749.4550 16504.4502 16611.8737
April 16568.9194 16319.8969 16415.8897
May 16583.0017 16377.3423 16495.3552
June 16560.7302 16396.9870 16474.4583
July 16674.6241 16409.9203 16557.4642
August 17128.7388 16668.1379 16938.9391
September 17409.0163 17046.1318 17198.2874
October 17296.0427 16833.6676 17001.4716
November 16962.5871 16519.7702 16675.5141
December 16646.9927 16301.4143 16492.4458