2024 KWD to LKR Historical Review

YEARLY HIGH

1055.1688 LKR

YEARLY LOW

941.0143 LKR

YEARLY AVERAGE

983.6410 LKR

2024 KWD to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the KWD to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 1055.1688. Conversely, the yearly low was recorded on December 14, dropping to 941.0143.

This high-to-low spread represents a total annual volatility of 114.1546 LKR. From a start-to-finish perspective, comparing the January average rate of 1043.7351 to the December average rate of 947.9449, the exchange rate registered a net change of -9.18% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1055.1688 was down 12.87% compared to the 2023 peak of 1210.9596, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,275,844 LKR

2023 Average 5,344,083 LKR

Yearly Trough Low 4,705,071 LKR

Transaction Impact: A difference of 570,772.91 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1053.3141

938.3659

JanuMarcMayJulySeptNove

KWD 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 997.8795, compared to 969.4025 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 28.4770 points.

H1 Avg (Jan–Jun) 997.8795

H2 Avg (Jul–Dec) 969.4025

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 32.2955 LKR (High: 1007.4428 / Low: 975.1472). On the other end, July was the most stable month, with a tight range of 9.7161 LKR (High: 997.4492 / Low: 987.7331).

March Spread (Volatile) ±32.2955

July Spread (Stable) ±9.7161

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 January and February, when the average rate fell by 29.0458 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -29.0458

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 1043.7351) against the same month in 2023 (average: 1196.8863), the exchange rate shifted by -153.1512 (-12.80%).

2024 Avg (January) 1043.7351

2023 Avg (January) 1196.8863

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1055.1688	1025.7940	1043.7351
February	1025.7806	1006.1546	1014.6893
March	1007.4428	975.1472	991.9906
April	979.5675	962.2539	971.0901
May	985.9207	964.3511	974.2800
June	997.8072	980.6940	991.4917
July	997.4492	987.7331	992.5712
August	992.1474	974.4913	981.7821
September	1000.4040	970.0389	985.6927
October	965.1638	954.7507	958.0130
November	958.3696	943.2226	950.4111
December	961.8847	941.0143	947.9449