YEARLY HIGH
0.0301 SVC
YEARLY LOW
0.0238 SVC
YEARLY AVERAGE
0.0267 SVC

2023 LKR to SVC Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the LKR to SVC exchange rate experienced significant fluctuation. The market reached its absolute peak on June 2, valuing the pair at 0.0301. Conversely, the yearly low was recorded on February 4, dropping to 0.0238.

This high-to-low spread represents a total annual volatility of 0.0064 SVC. From a start-to-finish perspective, comparing the January average rate of 0.0239 to the December average rate of 0.0268, 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 0.0301 was down 30.58% compared to the 2022 peak of 0.0434, 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 151 SVC
2022 Average 142 SVC
Yearly Trough Low 119 SVC
Transaction Impact: A difference of 31.99 SVC purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0294
0.0234
JanuMarcMayJulySeptNove

LKR to SVC 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 0.0264, compared to 0.0270 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0264
H2 Avg (Jul–Dec) 0.0270

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0034 SVC (High: 0.0273 / Low: 0.0240). On the other end, January was the most stable month, with a tight range of 0.0002 SVC (High: 0.0240 / Low: 0.0238).

March Spread (Volatile) ±0.0034
January Spread (Stable) ±0.0002

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 0.0015 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.0015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.0289) against the same month in 2022 (average: 0.0243), the exchange rate shifted by +0.0046 (+18.82%).

2023 Avg (June) 0.0289
2022 Avg (June) 0.0243

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0240 0.0238 0.0239
February 0.0242 0.0238 0.0240
March 0.0273 0.0240 0.0262
April 0.0276 0.0265 0.0272
May 0.0298 0.0273 0.0282
June 0.0301 0.0273 0.0289
July 0.0286 0.0264 0.0274
August 0.0278 0.0269 0.0272
September 0.0273 0.0269 0.0271
October 0.0270 0.0267 0.0269
November 0.0268 0.0266 0.0267
December 0.0270 0.0267 0.0268