2023 LKR to ZAR Historical Review

YEARLY HIGH

0.0672 ZAR

YEARLY LOW

0.0456 ZAR

YEARLY AVERAGE

0.0564 ZAR

2023 LKR to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the LKR to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on June 2, valuing the pair at 0.0672. Conversely, the yearly low was recorded on January 12, dropping to 0.0456.

This high-to-low spread represents a total annual volatility of 0.0216 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.0467 to the December average rate of 0.0569, the exchange rate registered a net change of 21.89% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0672 was down 15.01% compared to the 2022 peak of 0.0791, 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 336 ZAR

2022 Average 263 ZAR

Yearly Trough Low 228 ZAR

Transaction Impact: A difference of 108.24 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0635

0.0452

JanuMarcMayJulySeptNove

LKR to ZAR 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 0.0551, compared to 0.0577 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0026 points.

H1 Avg (Jan–Jun) 0.0551

H2 Avg (Jul–Dec) 0.0577

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0100 ZAR (High: 0.0672 / Low: 0.0572). On the other end, January was the most stable month, with a tight range of 0.0020 ZAR (High: 0.0475 / Low: 0.0456).

June Spread (Volatile) ±0.0100

January Spread (Stable) ±0.0020

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 0.0049 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0049

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.0620) against the same month in 2022 (average: 0.0440), the exchange rate shifted by +0.0180 (+40.85%).

2023 Avg (June) 0.0620

2022 Avg (June) 0.0440

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0475	0.0456	0.0467
February	0.0507	0.0466	0.0491
March	0.0574	0.0506	0.0547
April	0.0579	0.0539	0.0564
May	0.0671	0.0573	0.0617
June	0.0672	0.0572	0.0620
July	0.0618	0.0529	0.0571
August	0.0598	0.0571	0.0584
September	0.0597	0.0577	0.0587
October	0.0604	0.0569	0.0586
November	0.0575	0.0553	0.0566
December	0.0583	0.0558	0.0569