2024 AFN to LKR Historical Review

YEARLY HIGH

4.6269 LKR

YEARLY LOW

4.1038 LKR

YEARLY AVERAGE

4.2819 LKR

2024 AFN to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the AFN to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 4.6269. Conversely, the yearly low was recorded on April 28, dropping to 4.1038.

This high-to-low spread represents a total annual volatility of 0.5232 LKR. From a start-to-finish perspective, comparing the January average rate of 4.4893 to the December average rate of 4.2024, the exchange rate registered a net change of -6.39% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 4.6269 was down 2.85% compared to the 2023 peak of 4.7625, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 23,135 LKR

2023 Average 19,983 LKR

Yearly Trough Low 20,519 LKR

Transaction Impact: A difference of 2,615.76 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

4.5217

4.1327

JanuMarcMayJulySeptNove

AFN to LKR 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 4.2723, compared to 4.2915 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0192 points.

H1 Avg (Jan–Jun) 4.2723

H2 Avg (Jul–Dec) 4.2915

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.3830 LKR (High: 4.6269 / Low: 4.2440). On the other end, July was the most stable month, with a tight range of 0.0744 LKR (High: 4.3342 / Low: 4.2599).

January Spread (Volatile) ±0.3830

July Spread (Stable) ±0.0744

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.2204 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2204

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 4.4893) against the same month in 2023 (average: 4.1160), the exchange rate shifted by +0.3733 (+9.07%).

2024 Avg (January) 4.4893

2023 Avg (January) 4.1160

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4.6269	4.2440	4.4893
February	4.3400	4.1471	4.2688
March	4.2771	4.1440	4.2251
April	4.2129	4.1038	4.1651
May	4.2658	4.1083	4.1757
June	4.3563	4.1904	4.3100
July	4.3342	4.2599	4.2900
August	4.2910	4.1952	4.2373
September	4.4385	4.2085	4.3292
October	4.4982	4.2764	4.3766
November	4.3791	4.2719	4.3137
December	4.3058	4.1388	4.2024