2024 LKR to CVE Historical Review

YEARLY HIGH

0.3640 CVE

YEARLY LOW

0.3074 CVE

YEARLY AVERAGE

0.3383 CVE

2024 LKR to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the LKR to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 0.3640. Conversely, the yearly low was recorded on January 1, dropping to 0.3074.

This high-to-low spread represents a total annual volatility of 0.0567 CVE. From a start-to-finish perspective, comparing the January average rate of 0.3151 to the December average rate of 0.3608, the exchange rate registered a net change of 14.50% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3640 was up 2.20% compared to the 2023 peak of 0.3562, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,820 CVE

2023 Average 1,559 CVE

Yearly Trough Low 1,537 CVE

Transaction Impact: A difference of 283.35 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3653

0.3105

JanuMarcMayJulySeptNove

LKR to CVE 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 0.3330, compared to 0.3435 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0105 points.

H1 Avg (Jan–Jun) 0.3330

H2 Avg (Jul–Dec) 0.3435

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0187 CVE (High: 0.3640 / Low: 0.3454). On the other end, December was the most stable month, with a tight range of 0.0047 CVE (High: 0.3627 / Low: 0.3581).

November Spread (Volatile) ±0.0187

December Spread (Stable) ±0.0047

Growth Streaks & Declines

Trends

Between January and April, 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 August and September, when the average rate fell by 0.0041 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0041

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.3555) against the same month in 2023 (average: 0.3120), the exchange rate shifted by +0.0435 (+13.94%).

2024 Avg (November) 0.3555

2023 Avg (November) 0.3120

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3225	0.3074	0.3151
February	0.3295	0.3237	0.3275
March	0.3410	0.3280	0.3330
April	0.3473	0.3396	0.3436
May	0.3496	0.3358	0.3414
June	0.3397	0.3343	0.3374
July	0.3375	0.3318	0.3350
August	0.3398	0.3287	0.3344
September	0.3346	0.3239	0.3304
October	0.3488	0.3374	0.3451
November	0.3640	0.3454	0.3555
December	0.3627	0.3581	0.3608