2023 LKR to AFN Historical Review

YEARLY HIGH

0.3014 AFN

YEARLY LOW

0.2100 AFN

YEARLY AVERAGE

0.2524 AFN

2023 LKR to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the LKR to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on June 2, valuing the pair at 0.3014. Conversely, the yearly low was recorded on November 28, dropping to 0.2100.

This high-to-low spread represents a total annual volatility of 0.0915 AFN. From a start-to-finish perspective, comparing the January average rate of 0.2430 to the December average rate of 0.2141, the exchange rate registered a net change of -11.88% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3014 was down 42.09% compared to the 2022 peak of 0.5206, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,507 AFN

2022 Average 1,476 AFN

Yearly Trough Low 1,050 AFN

Transaction Impact: A difference of 457.33 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2940

0.2068

JanuMarcMayJulySeptNove

LKR to AFN 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 0.2649, compared to 0.2399 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0249 points.

H1 Avg (Jan–Jun) 0.2649

H2 Avg (Jul–Dec) 0.2399

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0325 AFN (High: 0.2734 / Low: 0.2410). On the other end, December was the most stable month, with a tight range of 0.0066 AFN (High: 0.2181 / Low: 0.2115).

March Spread (Volatile) ±0.0325

December Spread (Stable) ±0.0066

Growth Streaks & Declines

Trends

Between January and June, 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 August and September, when the average rate fell by 0.0212 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0212

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.2867) against the same month in 2022 (average: 0.2476), the exchange rate shifted by +0.0391 (+15.80%).

2023 Avg (June) 0.2867

2022 Avg (June) 0.2476

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2460	0.2390	0.2430
February	0.2488	0.2418	0.2456
March	0.2734	0.2410	0.2622
April	0.2840	0.2629	0.2691
May	0.2981	0.2694	0.2825
June	0.3014	0.2725	0.2867
July	0.2859	0.2590	0.2714
August	0.2715	0.2530	0.2624
September	0.2546	0.2272	0.2412
October	0.2415	0.2240	0.2324
November	0.2275	0.2100	0.2180
December	0.2181	0.2115	0.2141