2024 MXN to LKR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MXN to LKR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MXN to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 19.1874. Conversely, the yearly low was recorded on November 26, dropping to 14.0484.
This high-to-low spread represents a total annual volatility of 5.1390 LKR. From a start-to-finish perspective, comparing the January average rate of 18.8218 to the December average rate of 14.4037, the exchange rate registered a net change of -23.47% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 19.1874 was down 3.65% compared to the 2023 peak of 19.9138, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 MXN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MXN to LKR 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 17.9352, compared to 15.2477 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.6875 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 1.6057 LKR (High: 17.7112 / Low: 16.1055). On the other end, February was the most stable month, with a tight range of 0.3682 LKR (High: 18.4689 / Low: 18.1006).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 1.1054 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 18.8218) against the same month in 2023 (average: 19.2869), the exchange rate shifted by -0.4651 (-2.41%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 19.1874 | 18.3184 | 18.8218 |
| February | 18.4689 | 18.1006 | 18.2751 |
| March | 18.3874 | 18.0159 | 18.1870 |
| April | 18.2640 | 17.2644 | 17.7900 |
| May | 18.1187 | 17.4516 | 17.8169 |
| June | 17.7112 | 16.1055 | 16.7207 |
| July | 17.1914 | 16.1101 | 16.7725 |
| August | 16.0844 | 15.1604 | 15.6671 |
| September | 15.8182 | 14.9416 | 15.3555 |
| October | 15.2940 | 14.5411 | 14.9211 |
| November | 14.7690 | 14.0484 | 14.3665 |
| December | 14.6874 | 14.0485 | 14.4037 |