2023 QAR to LKR Historical Review

YEARLY HIGH

100.9870 LKR

YEARLY LOW

79.5915 LKR

YEARLY AVERAGE

90.1965 LKR

2023 QAR to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the QAR to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 100.9870. Conversely, the yearly low was recorded on June 3, dropping to 79.5915.

This high-to-low spread represents a total annual volatility of 21.3955 LKR. From a start-to-finish perspective, comparing the January average rate of 100.3622 to the December average rate of 89.6495, the exchange rate registered a net change of -10.67% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 100.9870 was down 0.34% compared to the 2022 peak of 101.3357, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 504,935 LKR

2022 Average 444,779 LKR

Yearly Trough Low 397,957 LKR

Transaction Impact: A difference of 106,977.56 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

102.0888

81.3691

JanuMarcMayJulySeptNove

QAR 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 91.4471, compared to 88.9459 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.5012 points.

H1 Avg (Jan–Jun) 91.4471

H2 Avg (Jul–Dec) 88.9459

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 13.1632 LKR (High: 100.3122 / Low: 87.1489). On the other end, November was the most stable month, with a tight range of 0.8693 LKR (High: 90.5219 / Low: 89.6526).

March Spread (Volatile) ±13.1632

November Spread (Stable) ±0.8693

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 8.3961 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -8.3961

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 100.3622) against the same month in 2022 (average: 55.6284), the exchange rate shifted by +44.7338 (+80.42%).

2023 Avg (January) 100.3622

2022 Avg (January) 55.6284

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	100.9870	99.6167	100.3622
February	100.9413	99.1785	100.1009
March	100.3122	87.1489	91.7048
April	90.6503	87.0616	88.3194
May	87.8938	80.7155	85.0993
June	87.8647	79.5915	83.0957
July	91.2105	83.9713	87.7241
August	89.1903	86.4963	88.2968
September	89.5287	87.7709	88.7415
October	89.9900	88.6184	89.2019
November	90.5219	89.6526	90.0616
December	90.3013	88.8328	89.6495