2024 LKR to TRY Historical Review

YEARLY HIGH

0.1209 TRY

YEARLY LOW

0.0910 TRY

YEARLY AVERAGE

0.1091 TRY

2024 LKR to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the LKR to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.1209. Conversely, the yearly low was recorded on January 1, dropping to 0.0910.

This high-to-low spread represents a total annual volatility of 0.0299 TRY. From a start-to-finish perspective, comparing the January average rate of 0.0937 to the December average rate of 0.1200, the exchange rate registered a net change of 28.00% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1209 was up 32.83% compared to the 2023 peak of 0.0910, 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 604 TRY

2023 Average 365 TRY

Yearly Trough Low 455 TRY

Transaction Impact: A difference of 149.46 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1226

0.0911

JanuMarcMayJulySeptNove

LKR to TRY 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 0.1035, compared to 0.1148 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0113 points.

H1 Avg (Jan–Jun) 0.1035

H2 Avg (Jul–Dec) 0.1148

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0068 TRY (High: 0.1081 / Low: 0.1012). On the other end, October was the most stable month, with a tight range of 0.0012 TRY (High: 0.1172 / Low: 0.1160).

March Spread (Volatile) ±0.0068

October Spread (Stable) ±0.0012

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0006 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.1200) against the same month in 2023 (average: 0.0891), the exchange rate shifted by +0.0309 (+34.73%).

2024 Avg (December) 0.1200

2023 Avg (December) 0.0891

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0963	0.0910	0.0937
February	0.1010	0.0965	0.0986
March	0.1081	0.1012	0.1051
April	0.1096	0.1067	0.1082
May	0.1092	0.1066	0.1078
June	0.1081	0.1064	0.1073
July	0.1097	0.1065	0.1085
August	0.1144	0.1094	0.1123
September	0.1155	0.1118	0.1132
October	0.1172	0.1160	0.1167
November	0.1196	0.1168	0.1181
December	0.1209	0.1189	0.1200