2023 ZAR to LKR Historical Review

YEARLY HIGH

21.9468 LKR

YEARLY LOW

14.8782 LKR

YEARLY AVERAGE

17.8581 LKR

2023 ZAR to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 21.9468. Conversely, the yearly low was recorded on June 2, dropping to 14.8782.

This high-to-low spread represents a total annual volatility of 7.0685 LKR. From a start-to-finish perspective, comparing the January average rate of 21.4177 to the December average rate of 17.5724, the exchange rate registered a net change of -17.95% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 21.9468 was down 6.81% compared to the 2022 peak of 23.5508, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,097,338 LKR

2022 Average 985,783 LKR

Yearly Trough Low 743,911 LKR

Transaction Impact: A difference of 353,427.06 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

21.9426

15.6435

JanuMarcMayJulySeptNove

ZAR 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 18.3725, compared to 17.3437 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.0288 points.

H1 Avg (Jan–Jun) 18.3725

H2 Avg (Jul–Dec) 17.3437

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 2.7503 LKR (High: 18.9200 / Low: 16.1697). On the other end, September was the most stable month, with a tight range of 0.6010 LKR (High: 17.3375 / Low: 16.7365).

July Spread (Volatile) ±2.7503

September Spread (Stable) ±0.6010

Growth Streaks & Declines

Trends

Between September and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 2.0718 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -2.0718

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 21.4177) against the same month in 2022 (average: 13.0692), the exchange rate shifted by +8.3485 (+63.88%).

2023 Avg (January) 21.4177

2022 Avg (January) 13.0692

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	21.9468	21.0369	21.4177
February	21.4698	19.7100	20.3759
March	19.7510	17.4158	18.3041
April	18.5490	17.2821	17.7262
May	17.4633	14.9023	16.2429
June	17.4765	14.8782	16.1684
July	18.9200	16.1697	17.5560
August	17.5234	16.7348	17.1329
September	17.3375	16.7365	17.0407
October	17.5837	16.5460	17.0765
November	18.0892	17.3962	17.6840
December	17.9318	17.1658	17.5724