2024 NPR to LKR Historical Review

YEARLY HIGH

2.4347 LKR

YEARLY LOW

2.1369 LKR

YEARLY AVERAGE

2.2557 LKR

2024 NPR to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NPR to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 2.4347. Conversely, the yearly low was recorded on December 29, dropping to 2.1369.

This high-to-low spread represents a total annual volatility of 0.2978 LKR. From a start-to-finish perspective, comparing the January average rate of 2.4144 to the December average rate of 2.1467, the exchange rate registered a net change of -11.09% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.4347 was down 13.66% compared to the 2023 peak of 2.8200, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 12,173 LKR

2023 Average 12,435 LKR

Yearly Trough Low 10,684 LKR

Transaction Impact: A difference of 1,488.76 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.4412

2.1199

JanuMarcMayJulySeptNove

NPR 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 2.3042, compared to 2.2071 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0971 points.

H1 Avg (Jan–Jun) 2.3042

H2 Avg (Jul–Dec) 2.2071

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0863 LKR (High: 2.3390 / Low: 2.2527). On the other end, October was the most stable month, with a tight range of 0.0237 LKR (High: 2.2006 / Low: 2.1768).

March Spread (Volatile) ±0.0863

October Spread (Stable) ±0.0237

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 0.0628 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0628

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 2.4144) against the same month in 2023 (average: 2.7936), the exchange rate shifted by -0.3792 (-13.57%).

2024 Avg (January) 2.4144

2023 Avg (January) 2.7936

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4347	2.3784	2.4144
February	2.3784	2.3351	2.3516
March	2.3390	2.2527	2.2971
April	2.2613	2.2203	2.2421
May	2.2682	2.2205	2.2439
June	2.2958	2.2527	2.2762
July	2.2894	2.2567	2.2704
August	2.2649	2.2156	2.2368
September	2.2815	2.2157	2.2434
October	2.2006	2.1768	2.1820
November	2.1786	2.1476	2.1634
December	2.1730	2.1369	2.1467