2023 LKR to GNF Historical Review

YEARLY HIGH

29.8165 GNF

YEARLY LOW

23.3392 GNF

YEARLY AVERAGE

26.3093 GNF

2023 LKR to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the LKR to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on June 2, valuing the pair at 29.8165. Conversely, the yearly low was recorded on February 18, dropping to 23.3392.

This high-to-low spread represents a total annual volatility of 6.4774 GNF. From a start-to-finish perspective, comparing the January average rate of 23.6978 to the December average rate of 26.3274, the exchange rate registered a net change of 11.10% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 29.8165 was down 35.19% compared to the 2022 peak of 46.0080, 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 149,083 GNF

2022 Average 143,432 GNF

Yearly Trough Low 116,696 GNF

Transaction Impact: A difference of 32,386.80 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

29.0028

23.1976

JanuMarcMayJulySeptNove

LKR to GNF 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 26.0532, compared to 26.5654 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5122 points.

H1 Avg (Jan–Jun) 26.0532

H2 Avg (Jul–Dec) 26.5654

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 3.1005 GNF (High: 26.8867 / Low: 23.7862). On the other end, December was the most stable month, with a tight range of 0.3754 GNF (High: 26.5473 / Low: 26.1720).

March Spread (Volatile) ±3.1005

December Spread (Stable) ±0.3754

Growth Streaks & Declines

Trends

Between February and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 1.5462 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -1.5462

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 28.5190) against the same month in 2022 (average: 24.4669), the exchange rate shifted by +4.0521 (+16.56%).

2023 Avg (June) 28.5190

2022 Avg (June) 24.4669

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	24.1697	23.4289	23.6978
February	24.0870	23.3392	23.6814
March	26.8867	23.7862	25.8549
April	27.2408	26.2075	26.7140
May	29.3143	26.9250	27.8525
June	29.8165	26.9326	28.5190
July	28.0928	25.9476	26.9728
August	27.3063	26.5004	26.7634
September	26.8383	26.4346	26.6249
October	26.6762	26.1727	26.4666
November	26.5081	26.0885	26.2375
December	26.5473	26.1720	26.3274