2024 JMD to LKR Historical Review

YEARLY HIGH

2.0964 LKR

YEARLY LOW

1.8251 LKR

YEARLY AVERAGE

1.9307 LKR

2024 JMD to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the JMD to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 2.0964. Conversely, the yearly low was recorded on November 23, dropping to 1.8251.

This high-to-low spread represents a total annual volatility of 0.2713 LKR. From a start-to-finish perspective, comparing the January average rate of 2.0702 to the December average rate of 1.8649, the exchange rate registered a net change of -9.92% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.0964 was down 13.46% compared to the 2023 peak of 2.4225, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,482 LKR

2023 Average 10,661 LKR

Yearly Trough Low 9,125 LKR

Transaction Impact: A difference of 1,356.63 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.0930

1.8192

JanuMarcMayJulySeptNove

JMD 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 1.9727, compared to 1.8886 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0840 points.

H1 Avg (Jan–Jun) 1.9727

H2 Avg (Jul–Dec) 1.8886

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.0649 LKR (High: 2.0964 / Low: 2.0315). On the other end, June was the most stable month, with a tight range of 0.0297 LKR (High: 1.9629 / Low: 1.9333).

January Spread (Volatile) ±0.0649

June Spread (Stable) ±0.0297

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0730 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0730

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 2.0702) against the same month in 2023 (average: 2.3923), the exchange rate shifted by -0.3221 (-13.46%).

2024 Avg (January) 2.0702

2023 Avg (January) 2.3923

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0964	2.0315	2.0702
February	2.0315	1.9850	1.9972
March	1.9888	1.9521	1.9730
April	1.9588	1.8962	1.9280
May	1.9418	1.8927	1.9150
June	1.9629	1.9333	1.9526
July	1.9623	1.9295	1.9414
August	1.9390	1.8988	1.9146
September	1.9419	1.8836	1.9155
October	1.8747	1.8432	1.8534
November	1.8555	1.8251	1.8420
December	1.8968	1.8447	1.8649