2024 NIO to LKR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NIO to LKR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NIO to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 8.8495. Conversely, the yearly low was recorded on December 12, dropping to 7.8851.
This high-to-low spread represents a total annual volatility of 0.9645 LKR. From a start-to-finish perspective, comparing the January average rate of 8.7591 to the December average rate of 7.9299, the exchange rate registered a net change of -9.47% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 8.8495 was down 12.26% compared to the 2023 peak of 10.0860, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NIO based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
NIO 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 8.3439, compared to 8.0691 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2748 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 0.2700 LKR (High: 8.4310 / Low: 8.1610). On the other end, October was the most stable month, with a tight range of 0.0683 LKR (High: 8.0209 / Low: 7.9526).
Growth Streaks & Declines
TrendsBetween 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 0.2668 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 8.7591) against the same month in 2023 (average: 10.0254), the exchange rate shifted by -1.2663 (-12.63%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.8495 | 8.6074 | 8.7591 |
| February | 8.5813 | 8.4214 | 8.4923 |
| March | 8.4310 | 8.1610 | 8.2917 |
| April | 8.2048 | 8.0433 | 8.1228 |
| May | 8.2057 | 8.0700 | 8.1369 |
| June | 8.3151 | 8.1730 | 8.2606 |
| July | 8.3057 | 8.2064 | 8.2491 |
| August | 8.2369 | 8.0834 | 8.1539 |
| September | 8.2899 | 8.0496 | 8.1746 |
| October | 8.0209 | 7.9526 | 7.9727 |
| November | 7.9712 | 7.8908 | 7.9348 |
| December | 8.0465 | 7.8851 | 7.9299 |