2023 MGA to LKR Historical Review

YEARLY HIGH

0.0858 LKR

YEARLY LOW

0.0657 LKR

YEARLY AVERAGE

0.0739 LKR

2023 MGA to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MGA to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 31, valuing the pair at 0.0858. Conversely, the yearly low was recorded on June 2, dropping to 0.0657.

This high-to-low spread represents a total annual volatility of 0.0200 LKR. From a start-to-finish perspective, comparing the January average rate of 0.0832 to the December average rate of 0.0713, the exchange rate registered a net change of -14.29% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0858 was down 5.35% compared to the 2022 peak of 0.0906, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 429 LKR

2022 Average 391 LKR

Yearly Trough Low 329 LKR

Transaction Impact: A difference of 100.07 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0867

0.0659

JanuMarcMayJulySeptNove

MGA 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 0.0762, compared to 0.0716 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0046 points.

H1 Avg (Jan–Jun) 0.0762

H2 Avg (Jul–Dec) 0.0716

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0114 LKR (High: 0.0847 / Low: 0.0733). On the other end, November was the most stable month, with a tight range of 0.0011 LKR (High: 0.0733 / Low: 0.0722).

March Spread (Volatile) ±0.0114

November Spread (Stable) ±0.0011

Growth Streaks & Declines

Trends

Between June and November, 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 February and March, when the average rate fell by 0.0073 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0073

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0832) against the same month in 2022 (average: 0.0509), the exchange rate shifted by +0.0323 (+63.47%).

2023 Avg (January) 0.0832

2022 Avg (January) 0.0509

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0858	0.0807	0.0832
February	0.0856	0.0844	0.0849
March	0.0847	0.0733	0.0776
April	0.0762	0.0726	0.0735
May	0.0729	0.0666	0.0704
June	0.0713	0.0657	0.0676
July	0.0749	0.0673	0.0710
August	0.0727	0.0698	0.0715
September	0.0724	0.0709	0.0717
October	0.0724	0.0713	0.0718
November	0.0733	0.0722	0.0726
December	0.0730	0.0703	0.0713