2024 NOK to LKR Historical Review

YEARLY HIGH

31.8900 LKR

YEARLY LOW

25.5890 LKR

YEARLY AVERAGE

28.0977 LKR

2024 NOK to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 31.8900. Conversely, the yearly low was recorded on December 18, dropping to 25.5890.

This high-to-low spread represents a total annual volatility of 6.3010 LKR. From a start-to-finish perspective, comparing the January average rate of 30.8713 to the December average rate of 25.9743, the exchange rate registered a net change of -15.86% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 31.8900 was down 15.07% compared to the 2023 peak of 37.5468, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 159,450 LKR

2023 Average 155,834 LKR

Yearly Trough Low 127,945 LKR

Transaction Impact: A difference of 31,505.17 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

31.3610

25.4846

JanuMarcMayJulySeptNove

NOK 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 28.8542, compared to 27.3412 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.5130 points.

H1 Avg (Jan–Jun) 28.8542

H2 Avg (Jul–Dec) 27.3412

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 1.8983 LKR (High: 31.8900 / Low: 29.9917). On the other end, June was the most stable month, with a tight range of 0.7026 LKR (High: 28.9698 / Low: 28.2672).

January Spread (Volatile) ±1.8983

June Spread (Stable) ±0.7026

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 March and April, when the average rate fell by 1.3205 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.3205

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 30.8713) against the same month in 2023 (average: 36.8488), the exchange rate shifted by -5.9776 (-16.22%).

2024 Avg (January) 30.8713

2023 Avg (January) 36.8488

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	31.8900	29.9917	30.8713
February	30.2280	29.1696	29.6042
March	29.5539	27.6657	28.7334
April	27.9836	26.6786	27.4129
May	28.7462	27.0179	27.8687
June	28.9698	28.2672	28.6347
July	28.8842	27.4826	28.1236
August	28.7039	27.2934	28.0453
September	29.1598	27.6775	28.3616
October	27.8859	26.6224	27.1194
November	26.9050	26.0459	26.4230
December	26.3201	25.5890	25.9743