2024 SBD to LRD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SBD to LRD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SBD to LRD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 20, valuing the pair at 24.0833. Conversely, the yearly low was recorded on November 27, dropping to 21.3432.
This high-to-low spread represents a total annual volatility of 2.7401 LRD. From a start-to-finish perspective, comparing the January average rate of 22.4610 to the December average rate of 21.5510, the exchange rate registered a net change of -4.05% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 24.0833 was up 7.45% compared to the 2023 peak of 22.4144, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SBD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SBD to LRD 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 22.7010, compared to 22.7439 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0429 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 1.7606 LRD (High: 23.1038 / Low: 21.3432). On the other end, May was the most stable month, with a tight range of 0.1270 LRD (High: 22.8609 / Low: 22.7339).
Growth Streaks & Declines
TrendsBetween January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 1.0630 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 23.4502) against the same month in 2023 (average: 22.1849), the exchange rate shifted by +1.2652 (+5.70%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 22.6917 | 22.3364 | 22.4610 |
| February | 22.6064 | 22.3939 | 22.5327 |
| March | 22.9118 | 21.9129 | 22.7321 |
| April | 22.8905 | 22.0767 | 22.7325 |
| May | 22.8609 | 22.7339 | 22.8115 |
| June | 23.0457 | 22.8398 | 22.9360 |
| July | 23.2608 | 22.9854 | 23.0681 |
| August | 23.4020 | 22.8405 | 23.0636 |
| September | 24.0833 | 23.0057 | 23.4502 |
| October | 23.3676 | 23.0150 | 23.1967 |
| November | 23.1038 | 21.3432 | 22.1337 |
| December | 21.9494 | 21.3570 | 21.5510 |