2024 LKR to MVR Historical Review

YEARLY HIGH

0.0533 MVR

YEARLY LOW

0.0474 MVR

YEARLY AVERAGE

0.0511 MVR

2024 LKR to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the LKR to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on November 30, valuing the pair at 0.0533. Conversely, the yearly low was recorded on January 1, dropping to 0.0474.

This high-to-low spread represents a total annual volatility of 0.0059 MVR. From a start-to-finish perspective, comparing the January average rate of 0.0480 to the December average rate of 0.0528, the exchange rate registered a net change of 10.10% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0533 was up 0.74% compared to the 2023 peak of 0.0529, 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 266 MVR

2023 Average 235 MVR

Yearly Trough Low 237 MVR

Transaction Impact: A difference of 29.39 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0534

0.0475

JanuMarcMayJulySeptNove

LKR to MVR 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 0.0503, compared to 0.0518 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0015 points.

H1 Avg (Jan–Jun) 0.0503

H2 Avg (Jul–Dec) 0.0518

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0035 MVR (High: 0.0522 / Low: 0.0486). On the other end, October was the most stable month, with a tight range of 0.0004 MVR (High: 0.0525 / Low: 0.0521).

May Spread (Volatile) ±0.0035

October Spread (Stable) ±0.0004

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 0.0009 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.0529) against the same month in 2023 (average: 0.0469), the exchange rate shifted by +0.0060 (+12.80%).

2024 Avg (November) 0.0529

2023 Avg (November) 0.0469

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0489	0.0474	0.0480
February	0.0498	0.0488	0.0493
March	0.0515	0.0497	0.0506
April	0.0521	0.0512	0.0517
May	0.0522	0.0486	0.0515
June	0.0514	0.0499	0.0506
July	0.0512	0.0504	0.0507
August	0.0518	0.0506	0.0513
September	0.0518	0.0503	0.0510
October	0.0525	0.0521	0.0523
November	0.0533	0.0524	0.0529
December	0.0533	0.0519	0.0528