2023 LKR to JMD Historical Review

YEARLY HIGH

0.5329 JMD

YEARLY LOW

0.4128 JMD

YEARLY AVERAGE

0.4704 JMD

2023 LKR to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the LKR to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 3, valuing the pair at 0.5329. Conversely, the yearly low was recorded on January 1, dropping to 0.4128.

This high-to-low spread represents a total annual volatility of 0.1201 JMD. From a start-to-finish perspective, comparing the January average rate of 0.4180 to the December average rate of 0.4754, the exchange rate registered a net change of 13.72% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5329 was down 31.44% compared to the 2022 peak of 0.7773, 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 2,664 JMD

2022 Average 2,494 JMD

Yearly Trough Low 2,064 JMD

Transaction Impact: A difference of 600.54 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5201

0.4087

JanuMarcMayJulySeptNove

LKR to JMD 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 0.4627, compared to 0.4780 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0153 points.

H1 Avg (Jan–Jun) 0.4627

H2 Avg (Jul–Dec) 0.4780

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0526 JMD (High: 0.4721 / Low: 0.4195). On the other end, November was the most stable month, with a tight range of 0.0056 JMD (High: 0.4764 / Low: 0.4708).

March Spread (Volatile) ±0.0526

November Spread (Stable) ±0.0056

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 0.0274 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0274

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.5108) against the same month in 2022 (average: 0.4245), the exchange rate shifted by +0.0863 (+20.34%).

2023 Avg (June) 0.5108

2022 Avg (June) 0.4245

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4235	0.4128	0.4180
February	0.4263	0.4187	0.4225
March	0.4721	0.4195	0.4547
April	0.4779	0.4564	0.4726
May	0.5252	0.4779	0.4977
June	0.5329	0.4828	0.5108
July	0.5049	0.4648	0.4834
August	0.4936	0.4746	0.4805
September	0.4823	0.4740	0.4782
October	0.4803	0.4710	0.4768
November	0.4764	0.4708	0.4739
December	0.4789	0.4708	0.4754