2023 BWP to LKR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BWP to LKR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BWP to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 28.9603. Conversely, the yearly low was recorded on June 2, dropping to 21.1492.
This high-to-low spread represents a total annual volatility of 7.8111 LKR. From a start-to-finish perspective, comparing the January average rate of 28.6305 to the December average rate of 24.1930, the exchange rate registered a net change of -15.50% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 28.9603 was down 5.21% compared to the 2022 peak of 30.5512, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BWP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
BWP 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 25.3177, compared to 23.9611 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.3566 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 3.0143 LKR (High: 27.2731 / Low: 24.2588). On the other end, September was the most stable month, with a tight range of 0.4285 LKR (High: 23.9279 / Low: 23.4993).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 2.6094 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 28.6305) against the same month in 2022 (average: 17.4485), the exchange rate shifted by +11.1821 (+64.09%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 28.9603 | 28.3625 | 28.6305 |
| February | 28.8408 | 27.1685 | 27.9063 |
| March | 27.2731 | 24.2588 | 25.2969 |
| April | 25.3700 | 24.1923 | 24.5319 |
| May | 24.2850 | 21.3207 | 23.0170 |
| June | 23.9836 | 21.1492 | 22.5237 |
| July | 25.4486 | 22.6998 | 24.1344 |
| August | 24.1478 | 23.5784 | 23.8459 |
| September | 23.9279 | 23.4993 | 23.6825 |
| October | 24.0600 | 23.3107 | 23.6592 |
| November | 24.5775 | 23.9863 | 24.2516 |
| December | 24.5426 | 23.8351 | 24.1930 |