2023 MVR to LKR Historical Review

YEARLY HIGH

23.9996 LKR

YEARLY LOW

18.9043 LKR

YEARLY AVERAGE

21.3794 LKR

2023 MVR to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MVR to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 23.9996. Conversely, the yearly low was recorded on June 2, dropping to 18.9043.

This high-to-low spread represents a total annual volatility of 5.0954 LKR. From a start-to-finish perspective, comparing the January average rate of 23.7723 to the December average rate of 21.2543, the exchange rate registered a net change of -10.59% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 23.9996 was down 0.58% compared to the 2022 peak of 24.1406, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 119,998 LKR

2022 Average 105,111 LKR

Yearly Trough Low 94,521 LKR

Transaction Impact: A difference of 25,476.84 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

24.1821

19.3210

JanuMarcMayJulySeptNove

MVR 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 21.6971, compared to 21.0618 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6353 points.

H1 Avg (Jan–Jun) 21.6971

H2 Avg (Jul–Dec) 21.0618

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 2.9570 LKR (High: 23.7939 / Low: 20.8370). On the other end, January was the most stable month, with a tight range of 0.2886 LKR (High: 23.9247 / Low: 23.6361).

March Spread (Volatile) ±2.9570

January Spread (Stable) ±0.2886

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 2.0261 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -2.0261

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 23.7770) against the same month in 2022 (average: 13.1059), the exchange rate shifted by +10.6712 (+81.42%).

2023 Avg (February) 23.7770

2022 Avg (February) 13.1059

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	23.9247	23.6361	23.7723
February	23.9996	23.5632	23.7770
March	23.7939	20.8370	21.7509
April	21.4184	20.5862	20.9639
May	20.8483	19.2130	20.1923
June	20.8497	18.9043	19.7261
July	21.6376	19.8922	20.7701
August	21.1871	20.5366	20.9314
September	21.2016	20.7811	20.9632
October	21.3225	20.9519	21.1183
November	21.5200	21.1278	21.3334
December	21.3861	21.0335	21.2543