2023 LKR to CVE Historical Review

YEARLY HIGH

0.3562 CVE

YEARLY LOW

0.2764 CVE

YEARLY AVERAGE

0.3116 CVE

2023 LKR to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the LKR to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on June 2, valuing the pair at 0.3562. Conversely, the yearly low was recorded on February 3, dropping to 0.2764.

This high-to-low spread represents a total annual volatility of 0.0798 CVE. From a start-to-finish perspective, comparing the January average rate of 0.2802 to the December average rate of 0.3096, the exchange rate registered a net change of 10.49% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3562 was down 29.37% compared to the 2022 peak of 0.5043, 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 1,781 CVE

2022 Average 1,689 CVE

Yearly Trough Low 1,382 CVE

Transaction Impact: A difference of 398.88 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3431

0.2745

JanuMarcMayJulySeptNove

LKR to CVE 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 0.3083, compared to 0.3150 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0067 points.

H1 Avg (Jan–Jun) 0.3083

H2 Avg (Jul–Dec) 0.3150

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0382 CVE (High: 0.3512 / Low: 0.3129). On the other end, September was the most stable month, with a tight range of 0.0061 CVE (High: 0.3230 / Low: 0.3170).

May Spread (Volatile) ±0.0382

September Spread (Stable) ±0.0061

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 June and July, when the average rate fell by 0.0245 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0245

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.3374) against the same month in 2022 (average: 0.2909), the exchange rate shifted by +0.0465 (+15.98%).

2023 Avg (June) 0.3374

2022 Avg (June) 0.2909

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2867	0.2770	0.2802
February	0.2877	0.2764	0.2823
March	0.3206	0.2859	0.3085
April	0.3196	0.3077	0.3128
May	0.3512	0.3129	0.3284
June	0.3562	0.3188	0.3374
July	0.3307	0.2998	0.3129
August	0.3188	0.3101	0.3142
September	0.3230	0.3170	0.3195
October	0.3257	0.3167	0.3215
November	0.3216	0.3053	0.3120
December	0.3164	0.3067	0.3096