2024 FKP to SRD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 FKP to SRD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the FKP to SRD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 47.1940. Conversely, the yearly low was recorded on August 6, dropping to 36.4236.
This high-to-low spread represents a total annual volatility of 10.7704 SRD. From a start-to-finish perspective, comparing the January average rate of 46.6246 to the December average rate of 44.4968, the exchange rate registered a net change of -4.56% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 47.1940 was down 5.38% compared to the 2023 peak of 49.8775, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 FKP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
FKP to SRD 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 43.5700, compared to 41.0901 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.4799 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was October, with a trading range of 4.2430 SRD (High: 44.6645 / Low: 40.4214). On the other end, January was the most stable month, with a tight range of 1.0630 SRD (High: 47.1940 / Low: 46.1310).
Growth Streaks & Declines
TrendsBetween August and November, 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 April and May, when the average rate fell by 2.0888 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 46.6246) against the same month in 2023 (average: 38.9584), the exchange rate shifted by +7.6662 (+19.68%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 47.1940 | 46.1310 | 46.6246 |
| February | 46.8164 | 44.5806 | 45.6657 |
| March | 45.6185 | 43.9758 | 44.7699 |
| April | 44.1690 | 42.2294 | 43.3030 |
| May | 42.3864 | 40.4408 | 41.2141 |
| June | 41.2922 | 38.7228 | 39.8426 |
| July | 39.0374 | 37.1049 | 38.2103 |
| August | 38.2148 | 36.4236 | 37.2826 |
| September | 41.0855 | 37.8777 | 39.2795 |
| October | 44.6645 | 40.4214 | 42.4156 |
| November | 45.5260 | 44.4219 | 44.8557 |
| December | 45.0731 | 43.9209 | 44.4968 |