2023 BGN to LKR Historical Review

YEARLY HIGH

204.1219 LKR

YEARLY LOW

158.9499 LKR

YEARLY AVERAGE

181.7400 LKR

2023 BGN to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 2, valuing the pair at 204.1219. Conversely, the yearly low was recorded on June 2, dropping to 158.9499.

This high-to-low spread represents a total annual volatility of 45.1720 LKR. From a start-to-finish perspective, comparing the January average rate of 201.6444 to the December average rate of 182.4232, the exchange rate registered a net change of -9.53% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 204.1219 was up 1.47% compared to the 2022 peak of 201.1646, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,020,610 LKR

2022 Average 866,544 LKR

Yearly Trough Low 794,749 LKR

Transaction Impact: A difference of 225,860.18 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

205.0255

164.4521

JanuMarcMayJulySeptNove

BGN 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 184.1907, compared to 179.2893 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 4.9015 points.

H1 Avg (Jan–Jun) 184.1907

H2 Avg (Jul–Dec) 179.2893

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 20.9814 LKR (High: 197.1243 / Low: 176.1429). On the other end, September was the most stable month, with a tight range of 3.6975 LKR (High: 177.8226 / Low: 174.1251).

March Spread (Volatile) ±20.9814

September Spread (Stable) ±3.6975

Growth Streaks & Declines

Trends

Between October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 16.5907 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -16.5907

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 199.6966) against the same month in 2022 (average: 117.4726), the exchange rate shifted by +82.2241 (+69.99%).

2023 Avg (February) 199.6966

2022 Avg (February) 117.4726

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	203.8475	196.7617	201.6444
February	204.1219	195.7751	199.6966
March	197.1243	176.1429	183.1059
April	183.6874	177.3832	180.6510
May	180.9533	160.6780	172.2132
June	177.2793	158.9499	167.8332
July	187.6908	170.3470	180.5889
August	182.1643	176.5228	179.4592
September	177.8226	174.1251	176.4200
October	177.7459	173.3931	175.5436
November	185.1169	177.3280	181.3007
December	184.1599	180.1342	182.4232