2023 LRD to LAK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 LRD to LAK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the LRD to LAK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 112.2747. Conversely, the yearly low was recorded on August 3, dropping to 102.3861.
This high-to-low spread represents a total annual volatility of 9.8887 LAK. From a start-to-finish perspective, comparing the January average rate of 109.3546 to the December average rate of 109.7315, the exchange rate registered a net change of 0.34% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 112.2747 was down 6.29% compared to the 2022 peak of 119.8052, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 LRD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
LRD to LAK 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 106.4225, compared to 107.5675 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.1450 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 6.6016 LAK (High: 109.9540 / Low: 103.3524). On the other end, November was the most stable month, with a tight range of 0.9849 LAK (High: 110.5972 / Low: 109.6124).
Growth Streaks & Declines
TrendsBetween July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 2.0177 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 109.3546) against the same month in 2022 (average: 75.5118), the exchange rate shifted by +33.8429 (+44.82%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 112.2747 | 107.4003 | 109.3546 |
| February | 110.5376 | 106.2663 | 107.8610 |
| March | 109.9540 | 103.3524 | 105.8432 |
| April | 105.7521 | 103.3017 | 105.1066 |
| May | 105.4779 | 104.4045 | 105.1098 |
| June | 106.5660 | 103.9943 | 105.2599 |
| July | 105.7288 | 102.3921 | 104.0053 |
| August | 105.6337 | 102.3861 | 104.3562 |
| September | 109.5321 | 105.6376 | 106.9251 |
| October | 110.9346 | 109.1262 | 110.2177 |
| November | 110.5972 | 109.6124 | 110.1693 |
| December | 110.3132 | 108.9709 | 109.7315 |