2024 JOD to LKR Historical Review

YEARLY HIGH

457.7256 LKR

YEARLY LOW

408.3569 LKR

YEARLY AVERAGE

425.7738 LKR

2024 JOD to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the JOD to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 457.7256. Conversely, the yearly low was recorded on December 15, dropping to 408.3569.

This high-to-low spread represents a total annual volatility of 49.3686 LKR. From a start-to-finish perspective, comparing the January average rate of 452.5037 to the December average rate of 411.2941, the exchange rate registered a net change of -9.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 457.7256 was down 11.86% compared to the 2023 peak of 519.3043, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,288,628 LKR

2023 Average 2,315,383 LKR

Yearly Trough Low 2,041,785 LKR

Transaction Impact: A difference of 246,843.18 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

456.6247

407.1732

JanuMarcMayJulySeptNove

JOD 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 432.6723, compared to 418.8754 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 13.7968 points.

H1 Avg (Jan–Jun) 432.6723

H2 Avg (Jul–Dec) 418.8754

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 14.0984 LKR (High: 437.3637 / Low: 423.2654). On the other end, October was the most stable month, with a tight range of 3.4146 LKR (High: 416.2394 / Low: 412.8248).

March Spread (Volatile) ±14.0984

October Spread (Stable) ±3.4146

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 12.0452 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -12.0452

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 452.5037) against the same month in 2023 (average: 515.5141), the exchange rate shifted by -63.0104 (-12.22%).

2024 Avg (January) 452.5037

2023 Avg (January) 515.5141

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	457.7256	444.7971	452.5037
February	444.7971	436.6186	440.4585
March	437.3637	423.2654	430.1903
April	426.1969	418.5682	421.8268
May	426.6329	418.2483	422.2010
June	431.8997	424.1069	428.8533
July	431.3166	425.6423	428.3354
August	427.8484	419.7414	423.2863
September	430.7597	418.0532	424.5324
October	416.2394	412.8248	414.1371
November	414.8983	408.9971	411.6672
December	418.0746	408.3569	411.2941