2024 CVE to LKR Historical Review

YEARLY HIGH

3.2536 LKR

YEARLY LOW

2.7471 LKR

YEARLY AVERAGE

2.9601 LKR

2024 CVE to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CVE to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 3.2536. Conversely, the yearly low was recorded on November 24, dropping to 2.7471.

This high-to-low spread represents a total annual volatility of 0.5065 LKR. From a start-to-finish perspective, comparing the January average rate of 3.1742 to the December average rate of 2.7718, the exchange rate registered a net change of -12.68% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 3.2536 was down 10.07% compared to the 2023 peak of 3.6179, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 16,268 LKR

2023 Average 16,086 LKR

Yearly Trough Low 13,735 LKR

Transaction Impact: A difference of 2,532.62 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

3.2144

2.7316

JanuMarcMayJulySeptNove

CVE 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 3.0058, compared to 2.9144 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0914 points.

H1 Avg (Jan–Jun) 3.0058

H2 Avg (Jul–Dec) 2.9144

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.1524 LKR (High: 3.2536 / Low: 3.1012). On the other end, December was the most stable month, with a tight range of 0.0359 LKR (High: 2.7928 / Low: 2.7568).

January Spread (Volatile) ±0.1524

December Spread (Stable) ±0.0359

Growth Streaks & Declines

Trends

Between April and September, 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 September and October, when the average rate fell by 0.1293 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.1293

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 3.1742) against the same month in 2023 (average: 3.5688), the exchange rate shifted by -0.3946 (-11.06%).

2024 Avg (January) 3.1742

2023 Avg (January) 3.5688

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3.2536	3.1012	3.1742
February	3.0896	3.0351	3.0538
March	3.0490	2.9326	3.0032
April	2.9448	2.8790	2.9106
May	2.9780	2.8604	2.9295
June	2.9912	2.9442	2.9638
July	3.0143	2.9629	2.9850
August	3.0421	2.9425	2.9904
September	3.0877	2.9882	3.0272
October	2.9639	2.8669	2.8980
November	2.8955	2.7471	2.8141
December	2.7928	2.7568	2.7718