2024 LKR to ISK Historical Review

YEARLY HIGH

0.4804 ISK

YEARLY LOW

0.4187 ISK

YEARLY AVERAGE

0.4574 ISK

2024 LKR to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the LKR to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 12, valuing the pair at 0.4804. Conversely, the yearly low was recorded on January 1, dropping to 0.4187.

This high-to-low spread represents a total annual volatility of 0.0617 ISK. From a start-to-finish perspective, comparing the January average rate of 0.4265 to the December average rate of 0.4754, the exchange rate registered a net change of 11.48% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.4804 was down 1.03% compared to the 2023 peak of 0.4854, 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 2,402 ISK

2023 Average 2,104 ISK

Yearly Trough Low 2,094 ISK

Transaction Impact: A difference of 308.48 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.4803

0.4216

JanuMarcMayJulySeptNove

LKR to ISK 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 0.4511, compared to 0.4638 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0126 points.

H1 Avg (Jan–Jun) 0.4511

H2 Avg (Jul–Dec) 0.4638

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0229 ISK (High: 0.4641 / Low: 0.4413). On the other end, June was the most stable month, with a tight range of 0.0061 ISK (High: 0.4592 / Low: 0.4531).

March Spread (Volatile) ±0.0229

June Spread (Stable) ±0.0061

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 May and June, when the average rate fell by 0.0075 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0075

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.4754) against the same month in 2023 (average: 0.4219), the exchange rate shifted by +0.0535 (+12.69%).

2024 Avg (December) 0.4754

2023 Avg (December) 0.4219

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4352	0.4187	0.4265
February	0.4465	0.4318	0.4410
March	0.4641	0.4413	0.4500
April	0.4753	0.4630	0.4691
May	0.4714	0.4543	0.4638
June	0.4592	0.4531	0.4563
July	0.4573	0.4500	0.4537
August	0.4648	0.4542	0.4592
September	0.4647	0.4455	0.4552
October	0.4715	0.4590	0.4661
November	0.4800	0.4646	0.4729
December	0.4804	0.4705	0.4754