2023 LKR to SGD Historical Review

YEARLY HIGH

0.0047 SGD

YEARLY LOW

0.0036 SGD

YEARLY AVERAGE

0.0041 SGD

2023 LKR to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the LKR to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 2, valuing the pair at 0.0047. Conversely, the yearly low was recorded on February 1, dropping to 0.0036.

This high-to-low spread represents a total annual volatility of 0.0011 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0036 to the December average rate of 0.0041, the exchange rate registered a net change of 12.50% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0047 was down 31.19% compared to the 2022 peak of 0.0068, 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 23 SGD

2022 Average 22 SGD

Yearly Trough Low 18 SGD

Transaction Impact: A difference of 5.43 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0045

0.0035

JanuMarcMayJulySeptNove

LKR to SGD 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 0.0040, compared to 0.0042 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0040

H2 Avg (Jul–Dec) 0.0042

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0005 SGD (High: 0.0042 / Low: 0.0037). On the other end, September was the most stable month, with a tight range of 0.0000 SGD (High: 0.0042 / Low: 0.0042).

March Spread (Volatile) ±0.0005

September Spread (Stable) ±0.0000

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 0.0003 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.0045) against the same month in 2022 (average: 0.0039), the exchange rate shifted by +0.0006 (+15.62%).

2023 Avg (June) 0.0045

2022 Avg (June) 0.0039

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0037	0.0036	0.0036
February	0.0037	0.0036	0.0037
March	0.0042	0.0037	0.0040
April	0.0042	0.0040	0.0041
May	0.0046	0.0041	0.0043
June	0.0047	0.0042	0.0045
July	0.0044	0.0040	0.0042
August	0.0043	0.0041	0.0042
September	0.0042	0.0042	0.0042
October	0.0042	0.0042	0.0042
November	0.0042	0.0040	0.0041
December	0.0041	0.0041	0.0041