2023 TRY to LKR Historical Review

YEARLY HIGH

19.6631 LKR

YEARLY LOW

10.9890 LKR

YEARLY AVERAGE

14.3226 LKR

2023 TRY to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 19.6631. Conversely, the yearly low was recorded on December 29, dropping to 10.9890.

This high-to-low spread represents a total annual volatility of 8.6741 LKR. From a start-to-finish perspective, comparing the January average rate of 19.4729 to the December average rate of 11.2288, the exchange rate registered a net change of -42.34% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 19.6631 was down 18.49% compared to the 2022 peak of 24.1238, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 983,157 LKR

2022 Average 971,141 LKR

Yearly Trough Low 549,452 LKR

Transaction Impact: A difference of 433,704.81 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

20.2973

10.4044

JanuMarcMayJulySeptNove

TRY 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 16.9288, compared to 11.7164 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 5.2124 points.

H1 Avg (Jan–Jun) 16.9288

H2 Avg (Jul–Dec) 11.7164

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 2.4983 LKR (High: 19.2667 / Low: 16.7684). On the other end, November was the most stable month, with a tight range of 0.2310 LKR (High: 11.5739 / Low: 11.3430).

March Spread (Volatile) ±2.4983

November Spread (Stable) ±0.2310

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 2.8758 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -2.8758

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 19.4729) against the same month in 2022 (average: 14.9713), the exchange rate shifted by +4.5016 (+30.07%).

2023 Avg (January) 19.4729

2022 Avg (January) 14.9713

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	19.6631	19.3527	19.4729
February	19.5709	19.1640	19.3677
March	19.2667	16.7684	17.6021
April	17.2100	16.2546	16.6449
May	16.4311	14.1610	15.6804
June	14.1092	11.7884	12.8047
July	12.3341	11.8009	12.0606
August	12.5238	11.6972	11.9556
September	12.0806	11.8094	11.9654
October	11.8213	11.5445	11.6526
November	11.5739	11.3430	11.4354
December	11.3644	10.9890	11.2288