2023 LKR to LRD Historical Review

YEARLY HIGH

0.5912 LRD

YEARLY LOW

0.4174 LRD

YEARLY AVERAGE

0.5341 LRD

2023 LKR to LRD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the LKR to LRD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 2, valuing the pair at 0.5912. Conversely, the yearly low was recorded on February 5, dropping to 0.4174.

This high-to-low spread represents a total annual volatility of 0.1738 LRD. From a start-to-finish perspective, comparing the January average rate of 0.4249 to the December average rate of 0.5761, the exchange rate registered a net change of 35.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5912 was down 22.93% compared to the 2022 peak of 0.7671, 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 2,956 LRD

2022 Average 2,478 LRD

Yearly Trough Low 2,087 LRD

Transaction Impact: A difference of 869.05 LRD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5945

0.4094

JanuMarcMayJulySeptNove

LKR to LRD 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 0.4923, compared to 0.5759 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0836 points.

H1 Avg (Jan–Jun) 0.4923

H2 Avg (Jul–Dec) 0.5759

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0603 LRD (High: 0.4996 / Low: 0.4393). On the other end, November was the most stable month, with a tight range of 0.0051 LRD (High: 0.5755 / Low: 0.5704).

March Spread (Volatile) ±0.0603

November Spread (Stable) ±0.0051

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 August and September, when the average rate fell by 0.0025 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0025

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.5791) against the same month in 2022 (average: 0.4258), the exchange rate shifted by +0.1533 (+36.00%).

2023 Avg (August) 0.5791

2022 Avg (August) 0.4258

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4305	0.4202	0.4249
February	0.4393	0.4174	0.4286
March	0.4996	0.4393	0.4774
April	0.5226	0.4917	0.5067
May	0.5753	0.5175	0.5393
June	0.5862	0.5476	0.5771
July	0.5903	0.5562	0.5756
August	0.5912	0.5727	0.5791
September	0.5812	0.5718	0.5766
October	0.5784	0.5709	0.5751
November	0.5755	0.5704	0.5730
December	0.5823	0.5704	0.5761