2024 ZAR to SGD Historical Review

YEARLY HIGH

0.0763 SGD

YEARLY LOW

0.0696 SGD

YEARLY AVERAGE

0.0729 SGD

2024 ZAR to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ZAR to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 7, valuing the pair at 0.0763. Conversely, the yearly low was recorded on February 25, dropping to 0.0696.

This high-to-low spread represents a total annual volatility of 0.0067 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0712 to the December average rate of 0.0741, the exchange rate registered a net change of 3.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0763 was down 3.94% compared to the 2023 peak of 0.0795, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 3,816 SGD

2023 Average 3,642 SGD

Yearly Trough Low 3,479 SGD

Transaction Impact: A difference of 337.09 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0750

0.0703

JanuMarcMayJulySeptNove

ZAR 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 0.0720, compared to 0.0739 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0019 points.

H1 Avg (Jan–Jun) 0.0720

H2 Avg (Jul–Dec) 0.0739

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0045 SGD (High: 0.0754 / Low: 0.0709). On the other end, October was the most stable month, with a tight range of 0.0010 SGD (High: 0.0750 / Low: 0.0740).

June Spread (Volatile) ±0.0045

October Spread (Stable) ±0.0010

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0010 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.0744) against the same month in 2023 (average: 0.0727), the exchange rate shifted by +0.0017 (+2.30%).

2024 Avg (November) 0.0744

2023 Avg (November) 0.0727

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0728	0.0699	0.0712
February	0.0719	0.0696	0.0707
March	0.0720	0.0704	0.0711
April	0.0730	0.0706	0.0719
May	0.0746	0.0720	0.0734
June	0.0754	0.0709	0.0735
July	0.0747	0.0728	0.0738
August	0.0739	0.0707	0.0728
September	0.0749	0.0727	0.0736
October	0.0750	0.0740	0.0746
November	0.0763	0.0728	0.0744
December	0.0759	0.0721	0.0741