2023 AFN to LKR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 AFN to LKR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the AFN to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on November 28, valuing the pair at 4.7625. Conversely, the yearly low was recorded on June 2, dropping to 3.3174.
This high-to-low spread represents a total annual volatility of 1.4451 LKR. From a start-to-finish perspective, comparing the January average rate of 4.1160 to the December average rate of 4.6712, the exchange rate registered a net change of 13.49% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 4.7625 was up 10.85% compared to the 2022 peak of 4.2963, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 AFN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
AFN 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 3.7924, compared to 4.2020 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4096 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 0.4929 LKR (High: 4.1500 / Low: 3.6571). On the other end, February was the most stable month, with a tight range of 0.1162 LKR (High: 4.1352 / Low: 4.0190).
Growth Streaks & Declines
TrendsBetween June and December, 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 February and March, when the average rate fell by 0.2557 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 4.5901) against the same month in 2022 (average: 4.1711), the exchange rate shifted by +0.4190 (+10.04%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4.1839 | 4.0651 | 4.1160 |
| February | 4.1352 | 4.0190 | 4.0722 |
| March | 4.1500 | 3.6571 | 3.8165 |
| April | 3.8044 | 3.5209 | 3.7166 |
| May | 3.7117 | 3.3544 | 3.5420 |
| June | 3.6695 | 3.3174 | 3.4910 |
| July | 3.8614 | 3.4976 | 3.6867 |
| August | 3.9533 | 3.6837 | 3.8120 |
| September | 4.4019 | 3.9284 | 4.1485 |
| October | 4.4636 | 4.1414 | 4.3034 |
| November | 4.7625 | 4.3952 | 4.5901 |
| December | 4.7278 | 4.5854 | 4.6712 |