2023 LKR to SYP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 LKR to SYP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the LKR to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on June 2, valuing the pair at 8.6557. Conversely, the yearly low was recorded on February 5, dropping to 6.8202.
This high-to-low spread represents a total annual volatility of 1.8355 SYP. From a start-to-finish perspective, comparing the January average rate of 6.8702 to the December average rate of 7.6899, the exchange rate registered a net change of 11.93% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 8.6557 was down 30.74% compared to the 2022 peak of 12.4969, 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 SYP 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 7.5835, compared to 7.7574 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1739 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 0.9812 SYP (High: 7.8604 / Low: 6.8792). On the other end, November was the most stable month, with a tight range of 0.0703 SYP (High: 7.6997 / Low: 7.6294).
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 0.4336 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2023: 8.3073) against the same month in 2022 (average: 6.9862), the exchange rate shifted by +1.3211 (+18.91%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 6.9071 | 6.8308 | 6.8702 |
| February | 6.9420 | 6.8202 | 6.8825 |
| March | 7.8604 | 6.8792 | 7.5225 |
| April | 7.9459 | 7.6124 | 7.8045 |
| May | 8.5472 | 7.8511 | 8.1140 |
| June | 8.6557 | 7.8506 | 8.3073 |
| July | 8.2099 | 7.5647 | 7.8737 |
| August | 7.9651 | 7.7357 | 7.8090 |
| September | 7.8511 | 7.7078 | 7.7744 |
| October | 7.7869 | 7.6616 | 7.7319 |
| November | 7.6997 | 7.6294 | 7.6657 |
| December | 7.7633 | 7.6418 | 7.6899 |