2023 SGD to LKR Historical Review

YEARLY HIGH

280.3591 LKR

YEARLY LOW

214.9390 LKR

YEARLY AVERAGE

244.7969 LKR

2023 SGD to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 280.3591. Conversely, the yearly low was recorded on June 2, dropping to 214.9390.

This high-to-low spread represents a total annual volatility of 65.4201 LKR. From a start-to-finish perspective, comparing the January average rate of 276.0978 to the December average rate of 245.4175, the exchange rate registered a net change of -11.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 280.3591 was up 2.74% compared to the 2022 peak of 272.8793, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,401,796 LKR

2022 Average 1,173,399 LKR

Yearly Trough Low 1,074,695 LKR

Transaction Impact: A difference of 327,100.73 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

281.2267

219.6803

JanuMarcMayJulySeptNove

SGD 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 249.5255, compared to 240.0683 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 9.4572 points.

H1 Avg (Jan–Jun) 249.5255

H2 Avg (Jul–Dec) 240.0683

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 30.1551 LKR (High: 269.8798 / Low: 239.7246). On the other end, September was the most stable month, with a tight range of 2.3501 LKR (High: 238.4915 / Low: 236.1414).

March Spread (Volatile) ±30.1551

September Spread (Stable) ±2.3501

Growth Streaks & Declines

Trends

Between September and December, 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 24.4994 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -24.4994

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 273.8684) against the same month in 2022 (average: 150.2668), the exchange rate shifted by +123.6016 (+82.25%).

2023 Avg (February) 273.8684

2022 Avg (February) 150.2668

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	279.5986	271.6619	276.0978
February	280.3591	268.4163	273.8684
March	269.8798	239.7246	249.3690
April	248.0145	236.8174	241.7143
May	241.3301	217.5289	231.2941
June	238.7116	214.9390	224.8092
July	250.1139	226.2464	239.2643
August	241.4698	235.1242	238.1621
September	238.4915	236.1414	237.0500
October	239.7951	235.9373	237.3903
November	247.5332	239.7974	243.1253
December	246.5953	243.7322	245.4175