2024 LKR to JMD Historical Review

YEARLY HIGH

0.5479 JMD

YEARLY LOW

0.4770 JMD

YEARLY AVERAGE

0.5185 JMD

2024 LKR to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the LKR to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 23, valuing the pair at 0.5479. Conversely, the yearly low was recorded on January 1, dropping to 0.4770.

This high-to-low spread represents a total annual volatility of 0.0709 JMD. From a start-to-finish perspective, comparing the January average rate of 0.4831 to the December average rate of 0.5362, the exchange rate registered a net change of 11.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5479 was up 2.82% compared to the 2023 peak of 0.5329, 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 2,740 JMD

2023 Average 2,353 JMD

Yearly Trough Low 2,385 JMD

Transaction Impact: A difference of 354.57 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5489

0.4771

JanuMarcMayJulySeptNove

LKR to JMD 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 0.5073, compared to 0.5297 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0224 points.

H1 Avg (Jan–Jun) 0.5073

H2 Avg (Jul–Dec) 0.5297

Volatility Range Comparison

Volatility

The most volatile month in 2024 was April, with a trading range of 0.0169 JMD (High: 0.5274 / Low: 0.5105). On the other end, June was the most stable month, with a tight range of 0.0078 JMD (High: 0.5173 / Low: 0.5094).

April Spread (Volatile) ±0.0169

June Spread (Stable) ±0.0078

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0101 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0101

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.5429) against the same month in 2023 (average: 0.4739), the exchange rate shifted by +0.0690 (+14.55%).

2024 Avg (November) 0.5429

2023 Avg (November) 0.4739

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4922	0.4770	0.4831
February	0.5038	0.4922	0.5007
March	0.5123	0.5028	0.5069
April	0.5274	0.5105	0.5187
May	0.5284	0.5150	0.5222
June	0.5173	0.5094	0.5121
July	0.5183	0.5096	0.5151
August	0.5266	0.5157	0.5223
September	0.5309	0.5150	0.5221
October	0.5425	0.5334	0.5396
November	0.5479	0.5389	0.5429
December	0.5421	0.5272	0.5362