2024 QAR to LKR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 QAR to LKR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the QAR to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 88.9549. Conversely, the yearly low was recorded on December 11, dropping to 79.5945.
This high-to-low spread represents a total annual volatility of 9.3604 LKR. From a start-to-finish perspective, comparing the January average rate of 88.1145 to the December average rate of 80.0767, the exchange rate registered a net change of -9.12% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 88.9549 was down 11.91% compared to the 2023 peak of 100.9870, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 QAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
QAR 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 84.2034, compared to 81.5157 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.6877 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 2.7832 LKR (High: 85.1723 / Low: 82.3890). On the other end, October was the most stable month, with a tight range of 0.6174 LKR (High: 80.9804 / Low: 80.3630).
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 2.3965 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 88.1145) against the same month in 2023 (average: 100.3622), the exchange rate shifted by -12.2476 (-12.20%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 88.9549 | 86.6502 | 88.1145 |
| February | 86.6478 | 85.0277 | 85.7180 |
| March | 85.1723 | 82.3890 | 83.7433 |
| April | 82.9682 | 81.1795 | 82.0814 |
| May | 82.8746 | 81.4097 | 82.1456 |
| June | 83.9148 | 82.4311 | 83.4173 |
| July | 83.8907 | 82.8923 | 83.3084 |
| August | 83.5060 | 81.8012 | 82.4457 |
| September | 83.6861 | 81.3577 | 82.5886 |
| October | 80.9804 | 80.3630 | 80.5306 |
| November | 80.5772 | 79.6668 | 80.1442 |
| December | 81.2193 | 79.5945 | 80.0767 |