2023 SRD to INR Historical Review

YEARLY HIGH

2.6191 INR

YEARLY LOW

2.1289 INR

YEARLY AVERAGE

2.2648 INR

2023 SRD to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SRD to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 2.6191. Conversely, the yearly low was recorded on July 24, dropping to 2.1289.

This high-to-low spread represents a total annual volatility of 0.4902 INR. From a start-to-finish perspective, comparing the January average rate of 2.5689 to the December average rate of 2.2281, the exchange rate registered a net change of -13.27% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.6191 was down 30.13% compared to the 2022 peak of 3.7488, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 13,096 INR

2022 Average 16,537 INR

Yearly Trough Low 10,644 INR

Transaction Impact: A difference of 2,451.24 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.6094

2.1231

JanuMarcMayJulySeptNove

SRD to INR 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 2.3466, compared to 2.1830 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1636 points.

H1 Avg (Jan–Jun) 2.3466

H2 Avg (Jul–Dec) 2.1830

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.1693 INR (High: 2.4459 / Low: 2.2766). On the other end, November was the most stable month, with a tight range of 0.0255 INR (High: 2.2047 / Low: 2.1791).

March Spread (Volatile) ±0.1693

November Spread (Stable) ±0.0255

Growth Streaks & Declines

Trends

Between July and December, 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 March and April, when the average rate fell by 0.1496 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.1496

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.5689) against the same month in 2022 (average: 3.5195), the exchange rate shifted by -0.9506 (-27.01%).

2023 Avg (January) 2.5689

2022 Avg (January) 3.5195

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6191	2.4978	2.5689
February	2.5695	2.4385	2.5193
March	2.4459	2.2766	2.3784
April	2.2974	2.1916	2.2288
May	2.2266	2.1629	2.2045
June	2.2107	2.1375	2.1797
July	2.2164	2.1289	2.1636
August	2.1789	2.1343	2.1645
September	2.1832	2.1436	2.1683
October	2.1936	2.1667	2.1816
November	2.2047	2.1791	2.1922
December	2.2651	2.1997	2.2281