2023 NAD to LKR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NAD to LKR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NAD to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 21.8559. Conversely, the yearly low was recorded on June 2, dropping to 14.8327.
This high-to-low spread represents a total annual volatility of 7.0232 LKR. From a start-to-finish perspective, comparing the January average rate of 21.4144 to the December average rate of 17.4897, the exchange rate registered a net change of -18.33% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 21.8559 was down 8.84% compared to the 2022 peak of 23.9741, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
NAD to LKR 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 18.3807, compared to 17.2496 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.1311 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 2.5923 LKR (High: 17.4989 / Low: 14.9066). On the other end, September was the most stable month, with a tight range of 0.6201 LKR (High: 17.3662 / Low: 16.7461).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 2.1343 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 21.4144) against the same month in 2022 (average: 13.0677), the exchange rate shifted by +8.3467 (+63.87%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 21.8559 | 21.1369 | 21.4144 |
| February | 21.5561 | 19.6488 | 20.4302 |
| March | 19.7853 | 17.5362 | 18.2958 |
| April | 18.4713 | 17.2789 | 17.7153 |
| May | 17.4989 | 14.9066 | 16.2545 |
| June | 17.3512 | 14.8327 | 16.1741 |
| July | 18.7350 | 16.2927 | 17.5232 |
| August | 17.4578 | 16.2473 | 17.0771 |
| September | 17.3662 | 16.7461 | 17.0343 |
| October | 17.4066 | 16.1778 | 16.8829 |
| November | 18.0791 | 16.3474 | 17.4903 |
| December | 17.9862 | 17.1047 | 17.4897 |