2023 LKR to MGA Historical Review

YEARLY HIGH

15.2097 MGA

YEARLY LOW

11.6603 MGA

YEARLY AVERAGE

13.5914 MGA

2023 LKR to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the LKR to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on June 2, valuing the pair at 15.2097. Conversely, the yearly low was recorded on January 31, dropping to 11.6603.

This high-to-low spread represents a total annual volatility of 3.5494 MGA. From a start-to-finish perspective, comparing the January average rate of 12.0272 to the December average rate of 14.0252, the exchange rate registered a net change of 16.61% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 15.2097 was down 23.36% compared to the 2022 peak of 19.8461, 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 76,049 MGA

2022 Average 66,663 MGA

Yearly Trough Low 58,302 MGA

Transaction Impact: A difference of 17,746.95 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

15.0967

11.4716

JanuMarcMayJulySeptNove

LKR to MGA 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 13.2188, compared to 13.9640 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7452 points.

H1 Avg (Jan–Jun) 13.2188

H2 Avg (Jul–Dec) 13.9640

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 1.8387 MGA (High: 13.6460 / Low: 11.8073). On the other end, February was the most stable month, with a tight range of 0.1634 MGA (High: 11.8501 / Low: 11.6867).

March Spread (Volatile) ±1.8387

February Spread (Stable) ±0.1634

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 0.6881 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.6881

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 14.7946) against the same month in 2022 (average: 11.2617), the exchange rate shifted by +3.5329 (+31.37%).

2023 Avg (June) 14.7946

2022 Avg (June) 11.2617

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.3963	11.6603	12.0272
February	11.8501	11.6867	11.7737
March	13.6460	11.8073	12.9047
April	13.7796	13.1159	13.5981
May	15.0123	13.7204	14.2144
June	15.2097	14.0258	14.7946
July	14.8559	13.3477	14.1064
August	14.3244	13.7489	13.9911
September	14.1058	13.8156	13.9540
October	14.0319	13.8081	13.9339
November	13.8493	13.6448	13.7731
December	14.2268	13.7040	14.0252