2023 HKD to LKR Historical Review

YEARLY HIGH

47.1034 LKR

YEARLY LOW

37.0322 LKR

YEARLY AVERAGE

41.9734 LKR

2023 HKD to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HKD to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 47.1034. Conversely, the yearly low was recorded on June 2, dropping to 37.0322.

This high-to-low spread represents a total annual volatility of 10.0712 LKR. From a start-to-finish perspective, comparing the January average rate of 46.7658 to the December average rate of 41.8385, the exchange rate registered a net change of -10.54% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 47.1034 was down 0.59% compared to the 2022 peak of 47.3839, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 HKD based on timing:

Yearly Peak High 1,177,585 LKR

2022 Average 1,034,504 LKR

Yearly Trough Low 925,805 LKR

Transaction Impact: A difference of 251,780.21 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

47.5781

37.8305

JanuMarcMayJulySeptNove

HKD 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 42.5151, compared to 41.4317 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.0834 points.

H1 Avg (Jan–Jun) 42.5151

H2 Avg (Jul–Dec) 41.4317

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 5.8061 LKR (High: 46.5279 / Low: 40.7217). On the other end, November was the most stable month, with a tight range of 0.5793 LKR (High: 42.2781 / Low: 41.6988).

March Spread (Volatile) ±5.8061

November Spread (Stable) ±0.5793

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 3.9172 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -3.9172

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 46.7658) against the same month in 2022 (average: 25.9940), the exchange rate shifted by +20.7718 (+79.91%).

2023 Avg (January) 46.7658

2022 Avg (January) 25.9940

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	47.1034	46.4790	46.7658
February	46.9500	46.1104	46.5231
March	46.5279	40.7217	42.6059
April	42.0458	40.2814	41.0163
May	40.7809	37.5362	39.5369
June	40.8703	37.0322	38.6428
July	42.5219	39.0486	40.8525
August	41.4768	40.4302	41.1111
September	41.6785	40.7979	41.2750
October	41.9108	41.1979	41.5276
November	42.2781	41.6988	41.9857
December	42.1356	41.4408	41.8385