2023 MMK to LKR Historical Review

YEARLY HIGH

0.1754 LKR

YEARLY LOW

0.1382 LKR

YEARLY AVERAGE

0.1566 LKR

2023 MMK to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MMK to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 0.1754. Conversely, the yearly low was recorded on June 4, dropping to 0.1382.

This high-to-low spread represents a total annual volatility of 0.0372 LKR. From a start-to-finish perspective, comparing the January average rate of 0.1741 to the December average rate of 0.1554, the exchange rate registered a net change of -10.75% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1754 was down 11.01% compared to the 2022 peak of 0.1971, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 877 LKR

2022 Average 837 LKR

Yearly Trough Low 691 LKR

Transaction Impact: A difference of 186.11 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1771

0.1411

JanuMarcMayJulySeptNove

MMK 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 0.1588, compared to 0.1543 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0045 points.

H1 Avg (Jan–Jun) 0.1588

H2 Avg (Jul–Dec) 0.1543

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0215 LKR (High: 0.1739 / Low: 0.1524). On the other end, November was the most stable month, with a tight range of 0.0014 LKR (High: 0.1569 / Low: 0.1555).

March Spread (Volatile) ±0.0215

November Spread (Stable) ±0.0014

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 0.0143 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0143

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.1738) against the same month in 2022 (average: 0.1139), the exchange rate shifted by +0.0599 (+52.63%).

2023 Avg (February) 0.1738

2022 Avg (February) 0.1139

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1750	0.1733	0.1741
February	0.1754	0.1723	0.1738
March	0.1739	0.1524	0.1595
April	0.1573	0.1512	0.1535
May	0.1526	0.1400	0.1476
June	0.1524	0.1382	0.1441
July	0.1581	0.1457	0.1523
August	0.1548	0.1500	0.1532
September	0.1551	0.1524	0.1539
October	0.1563	0.1542	0.1549
November	0.1569	0.1555	0.1563
December	0.1563	0.1541	0.1554