2024 SGD to LKR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SGD to LKR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SGD to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 246.0864. Conversely, the yearly low was recorded on December 18, dropping to 213.7956.
This high-to-low spread represents a total annual volatility of 32.2908 LKR. From a start-to-finish perspective, comparing the January average rate of 240.3187 to the December average rate of 215.9069, the exchange rate registered a net change of -10.16% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 246.0864 was down 12.22% compared to the 2023 peak of 280.3591, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SGD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SGD 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 227.7433, compared to 224.0358 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.7075 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was January, with a trading range of 10.7493 LKR (High: 246.0864 / Low: 235.3371). On the other end, July was the most stable month, with a tight range of 2.0438 LKR (High: 226.6549 / Low: 224.6111).
Growth Streaks & Declines
TrendsBetween April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 8.2420 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 240.3187) against the same month in 2023 (average: 276.0978), the exchange rate shifted by -35.7792 (-12.96%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 246.0864 | 235.3371 | 240.3187 |
| February | 235.9917 | 230.0041 | 232.1962 |
| March | 230.7521 | 222.3437 | 227.3717 |
| April | 222.1926 | 217.2680 | 220.2775 |
| May | 224.6606 | 219.1107 | 221.5541 |
| June | 226.0193 | 222.1438 | 224.7414 |
| July | 226.6549 | 224.6111 | 225.5777 |
| August | 230.9939 | 225.6758 | 228.0518 |
| September | 236.3640 | 228.6886 | 232.2164 |
| October | 228.8910 | 221.7869 | 223.9744 |
| November | 223.1431 | 215.7307 | 218.4875 |
| December | 218.4004 | 213.7956 | 215.9069 |