2024 USD to SGD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 USD to SGD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the USD to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 1.3669. Conversely, the yearly low was recorded on September 28, dropping to 1.2799.
This high-to-low spread represents a total annual volatility of 0.0870 SGD. From a start-to-finish perspective, comparing the January average rate of 1.3359 to the December average rate of 1.3511, the exchange rate registered a net change of 1.14% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 1.3669 was down 0.49% compared to the 2023 peak of 1.3735, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 USD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
USD to SGD 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 1.3472, compared to 1.3258 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0214 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 0.0359 SGD (High: 1.3368 / Low: 1.3008). On the other end, June was the most stable month, with a tight range of 0.0134 SGD (High: 1.3589 / Low: 1.3455).
Growth Streaks & Declines
TrendsBetween 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 July and August, when the average rate fell by 0.0302 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 1.3511) against the same month in 2023 (average: 1.3314), the exchange rate shifted by +0.0197 (+1.48%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.3443 | 1.3199 | 1.3359 |
| February | 1.3511 | 1.3367 | 1.3451 |
| March | 1.3500 | 1.3303 | 1.3413 |
| April | 1.3653 | 1.3448 | 1.3574 |
| May | 1.3605 | 1.3437 | 1.3508 |
| June | 1.3589 | 1.3455 | 1.3525 |
| July | 1.3578 | 1.3363 | 1.3457 |
| August | 1.3368 | 1.3008 | 1.3155 |
| September | 1.3071 | 1.2799 | 1.2956 |
| October | 1.3236 | 1.2883 | 1.3106 |
| November | 1.3488 | 1.3136 | 1.3363 |
| December | 1.3669 | 1.3385 | 1.3511 |