2023 JOD to LKR Historical Review

YEARLY HIGH

519.3043 LKR

YEARLY LOW

409.2416 LKR

YEARLY AVERAGE

463.3474 LKR

2023 JOD to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JOD to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 519.3043. Conversely, the yearly low was recorded on June 2, dropping to 409.2416.

This high-to-low spread represents a total annual volatility of 110.0627 LKR. From a start-to-finish perspective, comparing the January average rate of 515.5141 to the December average rate of 460.5642, the exchange rate registered a net change of -10.66% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 519.3043 was down 0.21% compared to the 2022 peak of 520.3994, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,596,522 LKR

2022 Average 2,285,752 LKR

Yearly Trough Low 2,046,208 LKR

Transaction Impact: A difference of 550,313.38 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

524.4022

417.7448

JanuMarcMayJulySeptNove

JOD 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 469.7742, compared to 456.9206 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 12.8536 points.

H1 Avg (Jan–Jun) 469.7742

H2 Avg (Jul–Dec) 456.9206

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 64.2704 LKR (High: 514.8529 / Low: 450.5825). On the other end, November was the most stable month, with a tight range of 4.1711 LKR (High: 464.2245 / Low: 460.0534).

March Spread (Volatile) ±64.2704

November Spread (Stable) ±4.1711

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 43.2271 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -43.2271

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 514.5591) against the same month in 2022 (average: 285.5631), the exchange rate shifted by +228.9961 (+80.19%).

2023 Avg (February) 514.5591

2022 Avg (February) 285.5631

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	518.5711	512.8434	515.5141
February	519.3043	510.1923	514.5591
March	514.8529	450.5825	471.3320
April	465.2631	445.7334	453.8565
May	451.0517	414.4350	436.7506
June	451.1451	409.2416	426.6329
July	468.4594	431.3424	450.2993
August	458.8842	445.3518	454.4626
September	459.6362	451.9431	456.0615
October	462.3430	454.7065	458.0608
November	464.2245	460.0534	462.0752
December	463.4720	456.0911	460.5642