2024 TWD to SGD Historical Review

YEARLY HIGH

0.0431 SGD

YEARLY LOW

0.0403 SGD

YEARLY AVERAGE

0.0416 SGD

2024 TWD to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TWD to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 16, valuing the pair at 0.0431. Conversely, the yearly low was recorded on September 25, dropping to 0.0403.

This high-to-low spread represents a total annual volatility of 0.0028 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0428 to the December average rate of 0.0415, the exchange rate registered a net change of -3.16% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0431 was down 2.70% compared to the 2023 peak of 0.0443, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 215 SGD

2023 Average 216 SGD

Yearly Trough Low 202 SGD

Transaction Impact: A difference of 13.78 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0431

0.0403

JanuMarcMayJulySeptNove

TWD 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 0.0423, compared to 0.0410 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.0423

H2 Avg (Jul–Dec) 0.0410

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 0.0011 SGD (High: 0.0414 / Low: 0.0404). On the other end, June was the most stable month, with a tight range of 0.0003 SGD (High: 0.0419 / Low: 0.0416).

October Spread (Volatile) ±0.0011

June Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between September and December, 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 June and July, when the average rate fell by 0.0005 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.0428) against the same month in 2023 (average: 0.0440), the exchange rate shifted by -0.0012 (-2.80%).

2024 Avg (February) 0.0428

2023 Avg (February) 0.0440

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0430	0.0426	0.0428
February	0.0431	0.0425	0.0428
March	0.0426	0.0421	0.0423
April	0.0422	0.0417	0.0420
May	0.0420	0.0417	0.0418
June	0.0419	0.0416	0.0418
July	0.0417	0.0409	0.0412
August	0.0410	0.0404	0.0408
September	0.0408	0.0403	0.0405
October	0.0414	0.0404	0.0408
November	0.0417	0.0411	0.0413
December	0.0417	0.0413	0.0415