2024 BMD to LKR Historical Review

YEARLY HIGH

324.8021 LKR

YEARLY LOW

289.6884 LKR

YEARLY AVERAGE

301.8441 LKR

2024 BMD to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BMD to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 324.8021. Conversely, the yearly low was recorded on December 15, dropping to 289.6884.

This high-to-low spread represents a total annual volatility of 35.1137 LKR. From a start-to-finish perspective, comparing the January average rate of 321.0179 to the December average rate of 291.7043, the exchange rate registered a net change of -9.13% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 324.8021 was down 11.83% compared to the 2023 peak of 368.3945, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,624,010 LKR

2023 Average 1,642,132 LKR

Yearly Trough Low 1,448,442 LKR

Transaction Impact: A difference of 175,568.28 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

323.9493

288.7730

JanuMarcMayJulySeptNove

BMD 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 306.7570, compared to 296.9312 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 9.8258 points.

H1 Avg (Jan–Jun) 306.7570

H2 Avg (Jul–Dec) 296.9312

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 10.0381 LKR (High: 310.0909 / Low: 300.0528). On the other end, October was the most stable month, with a tight range of 2.1303 LKR (High: 294.9056 / Low: 292.7754).

March Spread (Volatile) ±10.0381

October Spread (Stable) ±2.1303

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 8.6917 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -8.6917

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 321.0179) against the same month in 2023 (average: 365.7173), the exchange rate shifted by -44.6994 (-12.22%).

2024 Avg (January) 321.0179

2023 Avg (January) 365.7173

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	324.8021	315.4501	321.0179
February	315.4501	309.5626	312.3262
March	310.0909	300.0528	304.9689
April	302.0457	296.6393	298.9894
May	302.4401	296.4126	299.2725
June	306.0873	300.6494	303.9668
July	305.7172	301.6527	303.5682
August	303.2161	297.4707	299.9885
September	305.1933	296.1907	300.8533
October	294.9056	292.7754	293.5349
November	294.2044	290.0268	291.9378
December	296.4567	289.6884	291.7043