2024 SCR to LKR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SCR to LKR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SCR to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 24.5781. Conversely, the yearly low was recorded on December 15, dropping to 19.2147.
This high-to-low spread represents a total annual volatility of 5.3634 LKR. From a start-to-finish perspective, comparing the January average rate of 23.9906 to the December average rate of 20.6805, the exchange rate registered a net change of -13.80% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 24.5781 was down 13.19% compared to the 2023 peak of 28.3111, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SCR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SCR 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 22.5945, compared to 21.5972 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.9972 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 3.5022 LKR (High: 23.4232 / Low: 19.9209). On the other end, May was the most stable month, with a tight range of 0.9034 LKR (High: 22.3795 / Low: 21.4761).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.9540 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 23.9906) against the same month in 2023 (average: 27.0204), the exchange rate shifted by -3.0298 (-11.21%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 24.5781 | 23.2599 | 23.9906 |
| February | 23.7640 | 22.6143 | 23.2090 |
| March | 22.9311 | 21.5293 | 22.4393 |
| April | 22.2978 | 20.9765 | 22.0017 |
| May | 22.3795 | 21.4761 | 21.9153 |
| June | 22.4224 | 20.7548 | 22.0108 |
| July | 22.6317 | 21.5124 | 22.0065 |
| August | 23.4232 | 19.9209 | 21.8592 |
| September | 23.6476 | 21.6625 | 22.3766 |
| October | 22.4156 | 19.4770 | 21.4226 |
| November | 21.8496 | 20.3365 | 21.2381 |
| December | 21.8392 | 19.2147 | 20.6805 |