2023 LKR to MZN Historical Review

YEARLY HIGH

0.2201 MZN

YEARLY LOW

0.1735 MZN

YEARLY AVERAGE

0.1950 MZN

2023 LKR to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the LKR to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on June 2, valuing the pair at 0.2201. Conversely, the yearly low was recorded on February 5, dropping to 0.1735.

This high-to-low spread represents a total annual volatility of 0.0467 MZN. From a start-to-finish perspective, comparing the January average rate of 0.1747 to the December average rate of 0.1955, the exchange rate registered a net change of 11.92% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2201 was down 30.68% compared to the 2022 peak of 0.3175, 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 1,101 MZN

2022 Average 1,036 MZN

Yearly Trough Low 867 MZN

Transaction Impact: A difference of 233.40 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2149

0.1710

JanuMarcMayJulySeptNove

LKR to MZN 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 0.1928, compared to 0.1972 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0043 points.

H1 Avg (Jan–Jun) 0.1928

H2 Avg (Jul–Dec) 0.1972

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0250 MZN (High: 0.1998 / Low: 0.1748). On the other end, November was the most stable month, with a tight range of 0.0019 MZN (High: 0.1958 / Low: 0.1940).

March Spread (Volatile) ±0.0250

November Spread (Stable) ±0.0019

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 0.0114 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0114

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.2112) against the same month in 2022 (average: 0.1776), the exchange rate shifted by +0.0336 (+18.92%).

2023 Avg (June) 0.2112

2022 Avg (June) 0.1776

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1757	0.1737	0.1747
February	0.1767	0.1735	0.1750
March	0.1998	0.1748	0.1913
April	0.2019	0.1936	0.1984
May	0.2174	0.1997	0.2063
June	0.2201	0.1997	0.2112
July	0.2087	0.1919	0.1999
August	0.2021	0.1967	0.1985
September	0.1995	0.1961	0.1977
October	0.1980	0.1949	0.1965
November	0.1958	0.1940	0.1949
December	0.1973	0.1943	0.1955