2024 MAD to LKR Historical Review

YEARLY HIGH

32.7225 LKR

YEARLY LOW

28.9113 LKR

YEARLY AVERAGE

30.3751 LKR

2024 MAD to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MAD to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 32.7225. Conversely, the yearly low was recorded on November 22, dropping to 28.9113.

This high-to-low spread represents a total annual volatility of 3.8112 LKR. From a start-to-finish perspective, comparing the January average rate of 32.2586 to the December average rate of 29.1226, the exchange rate registered a net change of -9.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 32.7225 was down 9.84% compared to the 2023 peak of 36.2924, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MAD based on timing:

Yearly Peak High 163,613 LKR

2023 Average 162,211 LKR

Yearly Trough Low 144,557 LKR

Transaction Impact: A difference of 19,056.03 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

32.5722

28.8090

JanuMarcMayJulySeptNove

MAD to LKR 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 30.6274, compared to 30.1229 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5045 points.

H1 Avg (Jan–Jun) 30.6274

H2 Avg (Jul–Dec) 30.1229

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 1.1929 LKR (High: 32.7225 / Low: 31.5297). On the other end, December was the most stable month, with a tight range of 0.4580 LKR (High: 29.4299 / Low: 28.9719).

January Spread (Volatile) ±1.1929

December Spread (Stable) ±0.4580

Growth Streaks & Declines

Trends

Between April and July, 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 January and February, when the average rate fell by 1.2049 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.2049

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 32.2586) against the same month in 2023 (average: 35.7446), the exchange rate shifted by -3.4860 (-9.75%).

2024 Avg (January) 32.2586

2023 Avg (January) 35.7446

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	32.7225	31.5297	32.2586
February	31.5292	30.5972	31.0537
March	30.8162	29.6473	30.3332
April	29.8301	29.3037	29.6209
May	30.3811	29.4692	29.9593
June	30.7932	30.2635	30.5386
July	31.0290	30.4610	30.7907
August	31.2311	30.4180	30.7590
September	31.4652	30.4980	30.9314
October	30.2358	29.4744	29.8049
November	29.8628	28.9113	29.3288
December	29.4299	28.9719	29.1226