2023 JMD to LKR Historical Review

YEARLY HIGH

2.4225 LKR

YEARLY LOW

1.8765 LKR

YEARLY AVERAGE

2.1333 LKR

2023 JMD to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JMD to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 2.4225. Conversely, the yearly low was recorded on June 4, dropping to 1.8765.

This high-to-low spread represents a total annual volatility of 0.5460 LKR. From a start-to-finish perspective, comparing the January average rate of 2.3923 to the December average rate of 2.1037, the exchange rate registered a net change of -12.07% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.4225 was down 0.34% compared to the 2022 peak of 2.4308, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 12,113 LKR

2022 Average 10,578 LKR

Yearly Trough Low 9,383 LKR

Transaction Impact: A difference of 2,730.06 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.4357

1.9159

JanuMarcMayJulySeptNove

JMD 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 2.1744, compared to 2.0923 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0822 points.

H1 Avg (Jan–Jun) 2.1744

H2 Avg (Jul–Dec) 2.0923

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.2654 LKR (High: 2.3837 / Low: 2.1182). On the other end, November was the most stable month, with a tight range of 0.0250 LKR (High: 2.1241 / Low: 2.0991).

March Spread (Volatile) ±0.2654

November Spread (Stable) ±0.0250

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 0.1656 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.1656

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.3923) against the same month in 2022 (average: 1.3071), the exchange rate shifted by +1.0852 (+83.03%).

2023 Avg (January) 2.3923

2022 Avg (January) 1.3071

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4225	2.3611	2.3923
February	2.3881	2.3459	2.3668
March	2.3837	2.1182	2.2012
April	2.1910	2.0924	2.1162
May	2.0925	1.9042	2.0108
June	2.0714	1.8765	1.9592
July	2.1516	1.9807	2.0703
August	2.1072	2.0258	2.0811
September	2.1099	2.0734	2.0913
October	2.1230	2.0821	2.0972
November	2.1241	2.0991	2.1100
December	2.1241	2.0883	2.1037