2024 ZAR to LKR Historical Review

YEARLY HIGH

17.7235 LKR

YEARLY LOW

15.5122 LKR

YEARLY AVERAGE

16.4712 LKR

2024 ZAR to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ZAR to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 17.7235. Conversely, the yearly low was recorded on December 31, dropping to 15.5122.

This high-to-low spread represents a total annual volatility of 2.2113 LKR. From a start-to-finish perspective, comparing the January average rate of 17.1225 to the December average rate of 15.9947, the exchange rate registered a net change of -6.59% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 17.7235 was down 19.24% compared to the 2023 peak of 21.9468, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 886,176 LKR

2023 Average 892,257 LKR

Yearly Trough Low 775,609 LKR

Transaction Impact: A difference of 110,566.76 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

17.2514

15.7039

JanuMarcMayJulySeptNove

ZAR 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 16.3880, compared to 16.5544 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1664 points.

H1 Avg (Jan–Jun) 16.3880

H2 Avg (Jul–Dec) 16.5544

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 1.0846 LKR (High: 17.0213 / Low: 15.9366). On the other end, July was the most stable month, with a tight range of 0.4225 LKR (High: 16.8459 / Low: 16.4234).

June Spread (Volatile) ±1.0846

July Spread (Stable) ±0.4225

Growth Streaks & Declines

Trends

Between April and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.7006 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.7006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 17.1225) against the same month in 2023 (average: 21.4177), the exchange rate shifted by -4.2953 (-20.05%).

2024 Avg (January) 17.1225

2023 Avg (January) 21.4177

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	17.7235	16.6606	17.1225
February	16.9770	16.0556	16.4218
March	16.4852	15.8492	16.1740
April	16.1860	15.5217	15.8329
May	16.6099	15.9834	16.2572
June	17.0213	15.9366	16.5195
July	16.8459	16.4234	16.6540
August	16.9897	16.0189	16.6095
September	17.5651	16.6465	17.1036
October	16.9922	16.4936	16.7053
November	16.9040	15.9573	16.2593
December	16.3741	15.5122	15.9947