2023 LRD to LKR Historical Review

YEARLY HIGH

2.3957 LKR

YEARLY LOW

1.6914 LKR

YEARLY AVERAGE

1.8972 LKR

2023 LRD to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the LRD to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 2.3957. Conversely, the yearly low was recorded on August 2, dropping to 1.6914.

This high-to-low spread represents a total annual volatility of 0.7043 LKR. From a start-to-finish perspective, comparing the January average rate of 2.3539 to the December average rate of 1.7359, the exchange rate registered a net change of -26.26% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.3957 was down 0.52% compared to the 2022 peak of 2.4083, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 LRD based on timing:

Yearly Peak High 11,978 LKR

2022 Average 10,597 LKR

Yearly Trough Low 8,457 LKR

Transaction Impact: A difference of 3,521.38 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.4166

1.6644

JanuMarcMayJulySeptNove

LRD to LKR 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 2.0579, compared to 1.7366 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3213 points.

H1 Avg (Jan–Jun) 2.0579

H2 Avg (Jul–Dec) 1.7366

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.2746 LKR (High: 2.2763 / Low: 2.0017). On the other end, November was the most stable month, with a tight range of 0.0156 LKR (High: 1.7533 / Low: 1.7377).

March Spread (Volatile) ±0.2746

November Spread (Stable) ±0.0156

Growth Streaks & Declines

Trends

Between August and November, 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 0.2364 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2364

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 2.3335) against the same month in 2022 (average: 1.3174), the exchange rate shifted by +1.0160 (+77.12%).

2023 Avg (February) 2.3335

2022 Avg (February) 1.3174

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3798	2.3228	2.3539
February	2.3957	2.2763	2.3335
March	2.2763	2.0017	2.0971
April	2.0336	1.9135	1.9738
May	1.9325	1.7381	1.8559
June	1.8262	1.7060	1.7331
July	1.7978	1.6942	1.7380
August	1.7462	1.6914	1.7270
September	1.7488	1.7206	1.7343
October	1.7517	1.7289	1.7389
November	1.7533	1.7377	1.7452
December	1.7531	1.7174	1.7359