2024 MVR to LKR Historical Review

YEARLY HIGH

21.0910 LKR

YEARLY LOW

18.7647 LKR

YEARLY AVERAGE

19.5974 LKR

2024 MVR to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MVR to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 21.0910. Conversely, the yearly low was recorded on December 1, dropping to 18.7647.

This high-to-low spread represents a total annual volatility of 2.3264 LKR. From a start-to-finish perspective, comparing the January average rate of 20.8436 to the December average rate of 18.9316, the exchange rate registered a net change of -9.17% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 21.0910 was down 12.12% compared to the 2023 peak of 23.9996, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 105,455 LKR

2023 Average 106,833 LKR

Yearly Trough Low 93,823 LKR

Transaction Impact: A difference of 11,631.92 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

21.0366

18.7201

JanuMarcMayJulySeptNove

MVR 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 19.8983, compared to 19.2964 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6019 points.

H1 Avg (Jan–Jun) 19.8983

H2 Avg (Jul–Dec) 19.2964

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 1.3867 LKR (High: 20.5596 / Low: 19.1729). On the other end, October was the most stable month, with a tight range of 0.1507 LKR (High: 19.2121 / Low: 19.0614).

May Spread (Volatile) ±1.3867

October Spread (Stable) ±0.1507

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.5556 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.5556

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 20.8436) against the same month in 2023 (average: 23.7723), the exchange rate shifted by -2.9287 (-12.32%).

2024 Avg (January) 20.8436

2023 Avg (January) 23.7723

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	21.0910	20.4705	20.8436
February	20.4838	20.0885	20.2879
March	20.1358	19.4209	19.7596
April	19.5499	19.1875	19.3479
May	20.5596	19.1729	19.4060
June	20.0516	19.4595	19.7449
July	19.8518	19.5244	19.7179
August	19.7535	19.3117	19.5058
September	19.8694	19.2895	19.5925
October	19.2121	19.0614	19.1176
November	19.0812	18.7647	18.9131
December	19.2504	18.7647	18.9316