2024 NGN to LKR Historical Review

YEARLY HIGH

0.3737 LKR

YEARLY LOW

0.1716 LKR

YEARLY AVERAGE

0.2127 LKR

2024 NGN to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.3737. Conversely, the yearly low was recorded on November 26, dropping to 0.1716.

This high-to-low spread represents a total annual volatility of 0.2021 LKR. From a start-to-finish perspective, comparing the January average rate of 0.3524 to the December average rate of 0.1858, the exchange rate registered a net change of -47.29% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3737 was down 54.54% compared to the 2023 peak of 0.8219, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 373,653 LKR

2023 Average 557,157 LKR

Yearly Trough Low 171,574 LKR

Transaction Impact: A difference of 202,079.40 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3702

0.1566

JanuMarcMayJulySeptNove

NGN 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 0.2401, compared to 0.1853 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0548 points.

H1 Avg (Jan–Jun) 0.2401

H2 Avg (Jul–Dec) 0.1853

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.1544 LKR (High: 0.3479 / Low: 0.1935). On the other end, October was the most stable month, with a tight range of 0.0046 LKR (High: 0.1811 / Low: 0.1765).

February Spread (Volatile) ±0.1544

October Spread (Stable) ±0.0046

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.1141 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.1141

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.3524) against the same month in 2023 (average: 0.8045), the exchange rate shifted by -0.4521 (-56.20%).

2024 Avg (January) 0.3524

2023 Avg (January) 0.8045

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3737	0.3316	0.3524
February	0.3479	0.1935	0.2383
March	0.2165	0.1902	0.2000
April	0.2498	0.2113	0.2342
May	0.2406	0.1987	0.2119
June	0.2177	0.2005	0.2038
July	0.2166	0.1820	0.2004
August	0.1913	0.1825	0.1879
September	0.1886	0.1774	0.1842
October	0.1811	0.1765	0.1792
November	0.1785	0.1716	0.1744
December	0.1913	0.1725	0.1858