2024 LRD to LAK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 LRD to LAK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the LRD to LAK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 27, valuing the pair at 122.6711. Conversely, the yearly low was recorded on March 7, dropping to 107.8968.
This high-to-low spread represents a total annual volatility of 14.7743 LAK. From a start-to-finish perspective, comparing the January average rate of 109.1701 to the December average rate of 121.2281, the exchange rate registered a net change of 11.05% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 122.6711 was up 9.26% compared to the 2023 peak of 112.2747, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 LRD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
LRD to LAK Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 110.0439, compared to 115.6192 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.5753 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 8.4976 LAK (High: 122.6711 / Low: 114.1735). On the other end, July was the most stable month, with a tight range of 0.3404 LAK (High: 113.7387 / Low: 113.3983).
Growth Streaks & Declines
TrendsBetween March and July, 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 February and March, when the average rate fell by 0.7161 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2024: 118.6900) against the same month in 2023 (average: 110.1693), the exchange rate shifted by +8.5208 (+7.73%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 109.4443 | 108.8114 | 109.1701 |
| February | 110.2371 | 108.9863 | 109.4435 |
| March | 109.4545 | 107.8968 | 108.7273 |
| April | 113.1300 | 109.3571 | 110.2203 |
| May | 110.8776 | 109.7327 | 110.3452 |
| June | 113.5253 | 110.7294 | 112.3569 |
| July | 113.7387 | 113.3983 | 113.5711 |
| August | 113.5433 | 111.7063 | 113.1152 |
| September | 113.9799 | 110.4060 | 113.0139 |
| October | 114.6007 | 113.3770 | 114.0968 |
| November | 122.6711 | 114.1735 | 118.6900 |
| December | 122.6392 | 118.7971 | 121.2281 |