2023 LKR to ISK Historical Review

YEARLY HIGH

0.4854 ISK

YEARLY LOW

0.3809 ISK

YEARLY AVERAGE

0.4207 ISK

2023 LKR to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the LKR to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on June 2, valuing the pair at 0.4854. Conversely, the yearly low was recorded on February 1, dropping to 0.3809.

This high-to-low spread represents a total annual volatility of 0.1045 ISK. From a start-to-finish perspective, comparing the January average rate of 0.3907 to the December average rate of 0.4219, the exchange rate registered a net change of 7.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4854 was down 27.17% compared to the 2022 peak of 0.6665, 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 2,427 ISK

2022 Average 2,177 ISK

Yearly Trough Low 1,904 ISK

Transaction Impact: A difference of 522.61 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4625

0.3842

JanuMarcMayJulySeptNove

LKR to ISK 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 0.4214, compared to 0.4199 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0015 points.

H1 Avg (Jan–Jun) 0.4214

H2 Avg (Jul–Dec) 0.4199

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0557 ISK (High: 0.4854 / Low: 0.4297). On the other end, October was the most stable month, with a tight range of 0.0081 ISK (High: 0.4311 / Low: 0.4231).

June Spread (Volatile) ±0.0557

October Spread (Stable) ±0.0081

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 0.0400 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0400

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.4560) against the same month in 2022 (average: 0.3644), the exchange rate shifted by +0.0915 (+25.12%).

2023 Avg (June) 0.4560

2022 Avg (June) 0.3644

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3958	0.3841	0.3907
February	0.4001	0.3809	0.3919
March	0.4369	0.3878	0.4188
April	0.4323	0.4161	0.4240
May	0.4762	0.4242	0.4473
June	0.4854	0.4297	0.4560
July	0.4482	0.3959	0.4160
August	0.4192	0.4052	0.4097
September	0.4254	0.4122	0.4187
October	0.4311	0.4231	0.4265
November	0.4394	0.4159	0.4268
December	0.4279	0.4167	0.4219