2023 LKR to MMK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 LKR to MMK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the LKR to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on June 4, valuing the pair at 7.2355. Conversely, the yearly low was recorded on February 4, dropping to 5.7003.
This high-to-low spread represents a total annual volatility of 1.5352 MMK. From a start-to-finish perspective, comparing the January average rate of 5.7423 to the December average rate of 6.4339, the exchange rate registered a net change of 12.04% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 7.2355 was down 18.01% compared to the 2022 peak of 8.8245, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 LKR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
LKR to MMK Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 6.3351, compared to 6.4812 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1461 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 0.8108 MMK (High: 6.5627 / Low: 5.7519). On the other end, January was the most stable month, with a tight range of 0.0550 MMK (High: 5.7692 / Low: 5.7143).
Growth Streaks & Declines
TrendsBetween 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 0.3692 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2023: 6.9422) against the same month in 2022 (average: 5.1513), the exchange rate shifted by +1.7909 (+34.77%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.7692 | 5.7143 | 5.7423 |
| February | 5.8024 | 5.7003 | 5.7532 |
| March | 6.5627 | 5.7519 | 6.2780 |
| April | 6.6144 | 6.3579 | 6.5164 |
| May | 7.1409 | 6.5537 | 6.7787 |
| June | 7.2355 | 6.5625 | 6.9422 |
| July | 6.8626 | 6.3242 | 6.5730 |
| August | 6.6667 | 6.4611 | 6.5267 |
| September | 6.5635 | 6.4463 | 6.4965 |
| October | 6.4864 | 6.3969 | 6.4578 |
| November | 6.4314 | 6.3730 | 6.3995 |
| December | 6.4880 | 6.3973 | 6.4339 |