2023 LKR to IRR Historical Review

YEARLY HIGH

145.7238 IRR

YEARLY LOW

113.7499 IRR

YEARLY AVERAGE

128.9010 IRR

2023 LKR to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the LKR to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on June 2, valuing the pair at 145.7238. Conversely, the yearly low was recorded on January 16, dropping to 113.7499.

This high-to-low spread represents a total annual volatility of 31.9739 IRR. From a start-to-finish perspective, comparing the January average rate of 114.6682 to the December average rate of 129.2493, the exchange rate registered a net change of 12.72% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 145.7238 was down 30.55% compared to the 2022 peak of 209.8286, 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 728,619 IRR

2022 Average 685,806 IRR

Yearly Trough Low 568,750 IRR

Transaction Impact: A difference of 159,869.52 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

142.2851

112.1575

JanuMarcMayJulySeptNove

LKR to IRR 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 127.3488, compared to 130.4531 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.1043 points.

H1 Avg (Jan–Jun) 127.3488

H2 Avg (Jul–Dec) 130.4531

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 15.0512 IRR (High: 130.7981 / Low: 115.7469). On the other end, November was the most stable month, with a tight range of 1.2101 IRR (High: 129.5044 / Low: 128.2943).

March Spread (Volatile) ±15.0512

November Spread (Stable) ±1.2101

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 7.3899 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -7.3899

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 139.7745) against the same month in 2022 (average: 117.7087), the exchange rate shifted by +22.0657 (+18.75%).

2023 Avg (June) 139.7745

2022 Avg (June) 117.7087

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	115.9415	113.7499	114.6682
February	116.8733	114.5511	115.6481
March	130.7981	115.7469	126.2248
April	133.6166	128.0837	131.2638
May	143.8978	132.1006	136.5137
June	145.7238	132.0919	139.7745
July	138.0819	127.2439	132.3846
August	134.1369	130.0808	131.4055
September	132.0226	129.6192	130.7394
October	130.9429	128.7965	130.0172
November	129.5044	128.2943	128.9228
December	130.0900	128.5406	129.2493