2023 BMD to LKR Historical Review

YEARLY HIGH

368.3945 LKR

YEARLY LOW

290.2751 LKR

YEARLY AVERAGE

328.6193 LKR

2023 BMD to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BMD to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 368.3945. Conversely, the yearly low was recorded on June 2, dropping to 290.2751.

This high-to-low spread represents a total annual volatility of 78.1194 LKR. From a start-to-finish perspective, comparing the January average rate of 365.7173 to the December average rate of 326.7390, 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 368.3945 was down 0.15% compared to the 2022 peak of 368.9632, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,841,972 LKR

2022 Average 1,620,760 LKR

Yearly Trough Low 1,451,375 LKR

Transaction Impact: A difference of 390,596.93 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

372.0232

296.3522

JanuMarcMayJulySeptNove

BMD 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 333.2774, compared to 323.9613 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 9.3161 points.

H1 Avg (Jan–Jun) 333.2774

H2 Avg (Jul–Dec) 323.9613

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 45.5934 LKR (High: 365.2367 / Low: 319.6432). On the other end, November was the most stable month, with a tight range of 3.0050 LKR (High: 329.3209 / Low: 326.3159).

March Spread (Volatile) ±45.5934

November Spread (Stable) ±3.0050

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 30.6551 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -30.6551

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 365.0649) against the same month in 2022 (average: 202.4693), the exchange rate shifted by +162.5956 (+80.31%).

2023 Avg (February) 365.0649

2022 Avg (February) 202.4693

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	367.8225	363.7598	365.7173
February	368.3945	361.9304	365.0649
March	365.2367	319.6432	334.4098
April	330.0576	316.2033	321.9567
May	320.0211	293.9587	309.8575
June	320.0424	290.2751	302.6582
July	332.1377	306.0374	319.3512
August	324.7982	315.4427	321.7622
September	325.9740	320.0209	323.1871
October	327.9399	322.6597	324.9643
November	329.3209	326.3159	327.7638
December	328.7870	323.6422	326.7390