2023 NPR to LKR Historical Review

YEARLY HIGH

2.8200 LKR

YEARLY LOW

2.2021 LKR

YEARLY AVERAGE

2.4883 LKR

2023 NPR to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NPR to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 19, valuing the pair at 2.8200. Conversely, the yearly low was recorded on June 5, dropping to 2.2021.

This high-to-low spread represents a total annual volatility of 0.6178 LKR. From a start-to-finish perspective, comparing the January average rate of 2.7936 to the December average rate of 2.4509, the exchange rate registered a net change of -12.27% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.8200 was down 4.25% compared to the 2022 peak of 2.9450, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,100 LKR

2022 Average 12,838 LKR

Yearly Trough Low 11,011 LKR

Transaction Impact: A difference of 3,089.05 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.8428

2.2526

JanuMarcMayJulySeptNove

NPR 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 2.5352, compared to 2.4415 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0937 points.

H1 Avg (Jan–Jun) 2.5352

H2 Avg (Jul–Dec) 2.4415

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.3513 LKR (High: 2.7839 / Low: 2.4326). On the other end, November was the most stable month, with a tight range of 0.0260 LKR (High: 2.4731 / Low: 2.4471).

March Spread (Volatile) ±0.3513

November Spread (Stable) ±0.0260

Growth Streaks & Declines

Trends

Between August and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.2202 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2202

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.7936) against the same month in 2022 (average: 1.7011), the exchange rate shifted by +1.0925 (+64.22%).

2023 Avg (January) 2.7936

2022 Avg (January) 1.7011

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8200	2.7547	2.7936
February	2.7905	2.7356	2.7626
March	2.7839	2.4326	2.5423
April	2.5149	2.4271	2.4571
May	2.4489	2.2223	2.3539
June	2.4353	2.2021	2.3018
July	2.5370	2.3322	2.4312
August	2.4574	2.3836	2.4285
September	2.4493	2.4170	2.4334
October	2.4652	2.4300	2.4426
November	2.4731	2.4471	2.4623
December	2.4638	2.4269	2.4509