2023 NGN to LKR Historical Review

YEARLY HIGH

0.8219 LKR

YEARLY LOW

0.3613 LKR

YEARLY AVERAGE

0.5586 LKR

2023 NGN to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.8219. Conversely, the yearly low was recorded on December 30, dropping to 0.3613.

This high-to-low spread represents a total annual volatility of 0.4607 LKR. From a start-to-finish perspective, comparing the January average rate of 0.8045 to the December average rate of 0.4042, the exchange rate registered a net change of -49.77% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8219 was down 6.51% compared to the 2022 peak of 0.8792, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 821,923 LKR

2022 Average 763,757 LKR

Yearly Trough Low 361,252 LKR

Transaction Impact: A difference of 460,670.34 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8446

0.3641

JanuMarcMayJulySeptNove

NGN 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 0.7043, compared to 0.4128 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2915 points.

H1 Avg (Jan–Jun) 0.7043

H2 Avg (Jul–Dec) 0.4128

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.3133 LKR (High: 0.6875 / Low: 0.3743). On the other end, February was the most stable month, with a tight range of 0.0142 LKR (High: 0.7999 / Low: 0.7857).

June Spread (Volatile) ±0.3133

February Spread (Stable) ±0.0142

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.1403 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.1403

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.8045) against the same month in 2022 (average: 0.4895), the exchange rate shifted by +0.3150 (+64.35%).

2023 Avg (January) 0.8045

2022 Avg (January) 0.4895

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8219	0.7910	0.8045
February	0.7999	0.7857	0.7930
March	0.7930	0.6946	0.7275
April	0.7170	0.6829	0.6980
May	0.6951	0.6376	0.6717
June	0.6875	0.3743	0.5314
July	0.4249	0.3969	0.4110
August	0.4293	0.4063	0.4193
September	0.4341	0.4086	0.4176
October	0.4253	0.3707	0.4157
November	0.4181	0.3965	0.4094
December	0.4265	0.3613	0.4042