2023 LKR to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 LKR to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the LKR to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on June 2, valuing the pair at 9.7321. Conversely, the yearly low was recorded on February 4, dropping to 5.6217.
This high-to-low spread represents a total annual volatility of 4.1105 BIF. From a start-to-finish perspective, comparing the January average rate of 5.6572 to the December average rate of 8.7250, the exchange rate registered a net change of 54.23% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 9.7321 was down 2.66% compared to the 2022 peak of 9.9978, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 LKR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
LKR to BIF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 6.8529, compared to 8.7622 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.9093 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 3.0955 BIF (High: 9.5954 / Low: 6.4999). On the other end, January was the most stable month, with a tight range of 0.0647 BIF (High: 5.6915 / Low: 5.6268).
Growth Streaks & Declines
TrendsBetween 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 June and July, when the average rate fell by 0.4873 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2023: 9.3542) against the same month in 2022 (average: 5.7000), the exchange rate shifted by +3.6542 (+64.11%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.6915 | 5.6268 | 5.6572 |
| February | 5.7395 | 5.6217 | 5.6791 |
| March | 6.5000 | 5.6943 | 6.2163 |
| April | 6.5520 | 6.3171 | 6.4588 |
| May | 9.5954 | 6.4999 | 7.7519 |
| June | 9.7321 | 8.8384 | 9.3542 |
| July | 9.2263 | 8.5259 | 8.8669 |
| August | 8.9900 | 8.7158 | 8.8084 |
| September | 8.8748 | 8.7042 | 8.7750 |
| October | 8.8096 | 8.6486 | 8.7344 |
| November | 8.6992 | 8.6258 | 8.6635 |
| December | 8.8083 | 8.6640 | 8.7250 |