2023 BOB to LKR Historical Review

YEARLY HIGH

53.3141 LKR

YEARLY LOW

42.0023 LKR

YEARLY AVERAGE

47.5727 LKR

2023 BOB to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BOB to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 53.3141. Conversely, the yearly low was recorded on June 2, dropping to 42.0023.

This high-to-low spread represents a total annual volatility of 11.3118 LKR. From a start-to-finish perspective, comparing the January average rate of 52.9253 to the December average rate of 47.2318, the exchange rate registered a net change of -10.76% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 53.3141 was down 0.17% compared to the 2022 peak of 53.4027, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 266,570 LKR

2022 Average 235,105 LKR

Yearly Trough Low 210,011 LKR

Transaction Impact: A difference of 56,558.80 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

53.8371

42.8957

JanuMarcMayJulySeptNove

BOB 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 48.2471, compared to 46.8984 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.3486 points.

H1 Avg (Jan–Jun) 48.2471

H2 Avg (Jul–Dec) 46.8984

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 6.5572 LKR (High: 52.8326 / Low: 46.2754). On the other end, November was the most stable month, with a tight range of 0.4337 LKR (High: 47.6892 / Low: 47.2555).

March Spread (Volatile) ±6.5572

November Spread (Stable) ±0.4337

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 4.3630 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -4.3630

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 52.8251) against the same month in 2022 (average: 29.4207), the exchange rate shifted by +23.4044 (+79.55%).

2023 Avg (February) 52.8251

2022 Avg (February) 29.4207

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	53.1860	52.6689	52.9253
February	53.3141	52.3757	52.8251
March	52.8326	46.2754	48.4622
April	47.7979	45.7632	46.6018
May	46.3707	42.5609	44.8605
June	46.3136	42.0023	43.8075
July	48.0566	44.2853	46.2594
August	47.0377	45.5841	46.5659
September	47.1456	46.3095	46.7820
October	47.5106	46.8524	47.0624
November	47.6892	47.2555	47.4892
December	47.5075	46.8400	47.2318