2024 LKR to MGA Historical Review

YEARLY HIGH

16.3015 MGA

YEARLY LOW

14.1471 MGA

YEARLY AVERAGE

15.0394 MGA

2024 LKR to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the LKR to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 16.3015. Conversely, the yearly low was recorded on January 15, dropping to 14.1471.

This high-to-low spread represents a total annual volatility of 2.1544 MGA. From a start-to-finish perspective, comparing the January average rate of 14.2170 to the December average rate of 16.1115, the exchange rate registered a net change of 13.33% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 16.3015 was up 7.18% compared to the 2023 peak of 15.2097, 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 81,507 MGA

2023 Average 68,008 MGA

Yearly Trough Low 70,735 MGA

Transaction Impact: A difference of 10,772.07 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

16.3009

14.0276

JanuMarcMayJulySeptNove

LKR to MGA 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 14.6048, compared to 15.4740 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.8692 points.

H1 Avg (Jan–Jun) 14.6048

H2 Avg (Jul–Dec) 15.4740

Volatility Range Comparison

Volatility

The most volatile month in 2024 was September, with a trading range of 0.4985 MGA (High: 15.3222 / Low: 14.8238). On the other end, January was the most stable month, with a tight range of 0.1725 MGA (High: 14.3196 / Low: 14.1471).

September Spread (Volatile) ±0.4985

January Spread (Stable) ±0.1725

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 August and September, when the average rate fell by 0.1191 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1191

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 16.1115) against the same month in 2023 (average: 14.0252), the exchange rate shifted by +2.0863 (+14.88%).

2024 Avg (December) 16.1115

2023 Avg (December) 14.0252

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.3196	14.1471	14.2170
February	14.6159	14.3921	14.5360
March	14.8399	14.4378	14.6480
April	15.0086	14.5162	14.7033
May	14.9791	14.6451	14.8113
June	14.8471	14.6279	14.7131
July	15.0786	14.6479	14.8412
August	15.4137	15.0391	15.2194
September	15.3222	14.8238	15.1003
October	15.7500	15.4135	15.6397
November	16.1400	15.7051	15.9319
December	16.3015	15.9217	16.1115