2023 LKR to ETB Historical Review

YEARLY HIGH

0.1882 ETB

YEARLY LOW

0.1457 ETB

YEARLY AVERAGE

0.1672 ETB

2023 LKR to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the LKR to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on June 3, valuing the pair at 0.1882. Conversely, the yearly low was recorded on February 4, dropping to 0.1457.

This high-to-low spread represents a total annual volatility of 0.0425 ETB. From a start-to-finish perspective, comparing the January average rate of 0.1467 to the December average rate of 0.1719, the exchange rate registered a net change of 17.20% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1882 was down 26.05% compared to the 2022 peak of 0.2545, 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 941 ETB

2022 Average 839 ETB

Yearly Trough Low 729 ETB

Transaction Impact: A difference of 212.34 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1838

0.1433

JanuMarcMayJulySeptNove

LKR to ETB 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 0.1632, compared to 0.1712 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0080 points.

H1 Avg (Jan–Jun) 0.1632

H2 Avg (Jul–Dec) 0.1712

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0210 ETB (High: 0.1683 / Low: 0.1473). On the other end, January was the most stable month, with a tight range of 0.0015 ETB (High: 0.1474 / Low: 0.1459).

March Spread (Volatile) ±0.0210

January Spread (Stable) ±0.0015

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 0.0086 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0086

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.1805) against the same month in 2022 (average: 0.1445), the exchange rate shifted by +0.0359 (+24.88%).

2023 Avg (June) 0.1805

2022 Avg (June) 0.1445

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1474	0.1459	0.1467
February	0.1486	0.1457	0.1471
March	0.1683	0.1473	0.1609
April	0.1700	0.1633	0.1683
May	0.1849	0.1692	0.1756
June	0.1882	0.1710	0.1805
July	0.1795	0.1655	0.1718
August	0.1749	0.1695	0.1712
September	0.1727	0.1697	0.1709
October	0.1722	0.1698	0.1711
November	0.1712	0.1690	0.1701
December	0.1739	0.1696	0.1719