2023 BBD to LKR Historical Review

YEARLY HIGH

184.1972 LKR

YEARLY LOW

145.1375 LKR

YEARLY AVERAGE

164.3097 LKR

2023 BBD to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BBD to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 184.1972. Conversely, the yearly low was recorded on June 2, dropping to 145.1375.

This high-to-low spread represents a total annual volatility of 39.0597 LKR. From a start-to-finish perspective, comparing the January average rate of 182.8587 to the December average rate of 163.3695, the exchange rate registered a net change of -10.66% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 184.1972 was down 0.15% compared to the 2022 peak of 184.4816, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 BBD based on timing:

Yearly Peak High 920,986 LKR

2022 Average 810,380 LKR

Yearly Trough Low 725,688 LKR

Transaction Impact: A difference of 195,298.46 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

186.0116

148.1761

JanuMarcMayJulySeptNove

BBD 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 166.6387, compared to 161.9806 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 4.6581 points.

H1 Avg (Jan–Jun) 166.6387

H2 Avg (Jul–Dec) 161.9806

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 22.7967 LKR (High: 182.6183 / Low: 159.8216). On the other end, November was the most stable month, with a tight range of 1.5025 LKR (High: 164.6604 / Low: 163.1579).

March Spread (Volatile) ±22.7967

November Spread (Stable) ±1.5025

Growth Streaks & Declines

Trends

Between June and November, 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 February and March, when the average rate fell by 15.3276 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -15.3276

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 182.5325) against the same month in 2022 (average: 101.2347), the exchange rate shifted by +81.2978 (+80.31%).

2023 Avg (February) 182.5325

2022 Avg (February) 101.2347

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	183.9112	181.8799	182.8587
February	184.1972	180.9652	182.5325
March	182.6183	159.8216	167.2049
April	165.0288	158.1016	160.9783
May	160.0106	146.9794	154.9287
June	160.0212	145.1375	151.3291
July	166.0688	153.0187	159.6756
August	162.3991	157.7213	160.8811
September	162.9870	160.0104	161.5936
October	163.9700	161.3299	162.4822
November	164.6604	163.1579	163.8819
December	164.3935	161.8211	163.3695