2024 TOP to SGD Historical Review

YEARLY HIGH

0.5756 SGD

YEARLY LOW

0.5479 SGD

YEARLY AVERAGE

0.5642 SGD

2024 TOP to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TOP to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 26, valuing the pair at 0.5756. Conversely, the yearly low was recorded on September 28, dropping to 0.5479.

This high-to-low spread represents a total annual volatility of 0.0277 SGD. From a start-to-finish perspective, comparing the January average rate of 0.5671 to the December average rate of 0.5642, the exchange rate registered a net change of -0.51% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5756 was down 0.11% compared to the 2023 peak of 0.5762, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,878 SGD

2023 Average 2,843 SGD

Yearly Trough Low 2,739 SGD

Transaction Impact: A difference of 138.43 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5754

0.5505

JanuMarcMayJulySeptNove

TOP 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 0.5691, compared to 0.5593 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0098 points.

H1 Avg (Jan–Jun) 0.5691

H2 Avg (Jul–Dec) 0.5593

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0147 SGD (High: 0.5748 / Low: 0.5601). On the other end, January was the most stable month, with a tight range of 0.0053 SGD (High: 0.5708 / Low: 0.5654).

July Spread (Volatile) ±0.0147

January Spread (Stable) ±0.0053

Growth Streaks & Declines

Trends

Between March and June, 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 July and August, when the average rate fell by 0.0123 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0123

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2024: 0.5733) against the same month in 2023 (average: 0.5710), the exchange rate shifted by +0.0024 (+0.41%).

2024 Avg (June) 0.5733

2023 Avg (June) 0.5710

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5708	0.5654	0.5671
February	0.5711	0.5622	0.5681
March	0.5710	0.5635	0.5663
April	0.5734	0.5633	0.5693
May	0.5732	0.5656	0.5704
June	0.5756	0.5698	0.5733
July	0.5748	0.5601	0.5687
August	0.5617	0.5528	0.5564
September	0.5588	0.5479	0.5525
October	0.5575	0.5521	0.5548
November	0.5627	0.5520	0.5589
December	0.5708	0.5590	0.5642