2024 ISK to LKR Historical Review

YEARLY HIGH

2.3883 LKR

YEARLY LOW

2.0815 LKR

YEARLY AVERAGE

2.1881 LKR

2024 ISK to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ISK to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 2.3883. Conversely, the yearly low was recorded on December 12, dropping to 2.0815.

This high-to-low spread represents a total annual volatility of 0.3067 LKR. From a start-to-finish perspective, comparing the January average rate of 2.3448 to the December average rate of 2.1034, the exchange rate registered a net change of -10.30% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.3883 was down 9.04% compared to the 2023 peak of 2.6255, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,941 LKR

2023 Average 11,909 LKR

Yearly Trough Low 10,408 LKR

Transaction Impact: A difference of 1,533.55 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.3690

2.0792

JanuMarcMayJulySeptNove

ISK 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 2.2191, compared to 2.1572 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0620 points.

H1 Avg (Jan–Jun) 2.2191

H2 Avg (Jul–Dec) 2.1572

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.1116 LKR (High: 2.2662 / Low: 2.1546). On the other end, June was the most stable month, with a tight range of 0.0294 LKR (High: 2.2071 / Low: 2.1777).

March Spread (Volatile) ±0.1116

June Spread (Stable) ±0.0294

Growth Streaks & Declines

Trends

Between April and July, 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 March and April, when the average rate fell by 0.0913 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0913

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 2.3448) against the same month in 2023 (average: 2.5594), the exchange rate shifted by -0.2146 (-8.38%).

2024 Avg (January) 2.3448

2023 Avg (January) 2.5594

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3883	2.2980	2.3448
February	2.3161	2.2397	2.2676
March	2.2662	2.1546	2.2230
April	2.1597	2.1037	2.1317
May	2.2012	2.1216	2.1562
June	2.2071	2.1777	2.1914
July	2.2223	2.1866	2.2044
August	2.2016	2.1513	2.1777
September	2.2447	2.1520	2.1974
October	2.1787	2.1208	2.1454
November	2.1524	2.0831	2.1147
December	2.1256	2.0815	2.1034