2023 EGP to LKR Historical Review

YEARLY HIGH

14.8479 LKR

YEARLY LOW

9.4049 LKR

YEARLY AVERAGE

10.7393 LKR

2023 EGP to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EGP to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 14.8479. Conversely, the yearly low was recorded on June 2, dropping to 9.4049.

This high-to-low spread represents a total annual volatility of 5.4431 LKR. From a start-to-finish perspective, comparing the January average rate of 12.8333 to the December average rate of 10.5742, the exchange rate registered a net change of -17.60% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 14.8479 was down 25.57% compared to the 2022 peak of 19.9490, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 74,240 LKR

2022 Average 84,207 LKR

Yearly Trough Low 47,024 LKR

Transaction Impact: A difference of 27,215.39 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

13.1371

9.4922

JanuMarcMayJulySeptNove

EGP 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 10.9918, compared to 10.4868 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5050 points.

H1 Avg (Jan–Jun) 10.9918

H2 Avg (Jul–Dec) 10.4868

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 2.6842 LKR (High: 14.8479 / Low: 12.1637). On the other end, November was the most stable month, with a tight range of 0.1033 LKR (High: 10.6587 / Low: 10.5554).

January Spread (Volatile) ±2.6842

November Spread (Stable) ±0.1033

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 1.1252 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -1.1252

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 12.8333) against the same month in 2022 (average: 12.8848), the exchange rate shifted by -0.0515 (-0.40%).

2023 Avg (January) 12.8333

2022 Avg (January) 12.8848

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.8479	12.1637	12.8333
February	12.1723	11.8148	11.9801
March	11.8215	10.3279	10.8549
April	10.7444	10.2224	10.4387
May	10.5717	9.5147	10.0477
June	10.3581	9.4049	9.7960
July	10.7501	9.9002	10.3425
August	10.5082	10.2077	10.4117
September	10.5495	10.3609	10.4597
October	10.6088	10.4706	10.5207
November	10.6587	10.5554	10.6118
December	10.6525	10.4788	10.5742