2023 LKR to NOK Historical Review

YEARLY HIGH

0.0380 NOK

YEARLY LOW

0.0266 NOK

YEARLY AVERAGE

0.0323 NOK

2023 LKR to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the LKR to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on June 5, valuing the pair at 0.0380. Conversely, the yearly low was recorded on January 1, dropping to 0.0266.

This high-to-low spread represents a total annual volatility of 0.0114 NOK. From a start-to-finish perspective, comparing the January average rate of 0.0271 to the December average rate of 0.0322, the exchange rate registered a net change of 18.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0380 was down 15.32% compared to the 2022 peak of 0.0449, 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 190 NOK

2022 Average 154 NOK

Yearly Trough Low 133 NOK

Transaction Impact: A difference of 56.81 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0366

0.0263

JanuMarcMayJulySeptNove

LKR to NOK 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 0.0317, compared to 0.0329 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.0317

H2 Avg (Jul–Dec) 0.0329

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0048 NOK (High: 0.0351 / Low: 0.0303). On the other end, September was the most stable month, with a tight range of 0.0006 NOK (High: 0.0334 / Low: 0.0329).

July Spread (Volatile) ±0.0048

September Spread (Stable) ±0.0006

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 0.0034 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0034

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.0357) against the same month in 2022 (average: 0.0271), the exchange rate shifted by +0.0086 (+31.59%).

2023 Avg (June) 0.0357

2022 Avg (June) 0.0271

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0280	0.0266	0.0271
February	0.0287	0.0270	0.0281
March	0.0330	0.0290	0.0315
April	0.0338	0.0318	0.0326
May	0.0376	0.0329	0.0349
June	0.0380	0.0332	0.0357
July	0.0351	0.0303	0.0322
August	0.0331	0.0313	0.0326
September	0.0334	0.0329	0.0332
October	0.0343	0.0330	0.0339
November	0.0343	0.0322	0.0333
December	0.0335	0.0311	0.0322