2023 BGN to PKR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BGN to PKR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BGN to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 170.2523. Conversely, the yearly low was recorded on January 5, dropping to 122.2009.
This high-to-low spread represents a total annual volatility of 48.0514 PKR. From a start-to-finish perspective, comparing the January average rate of 128.9046 to the December average rate of 157.4576, the exchange rate registered a net change of 22.15% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 170.2523 was up 35.88% compared to the 2022 peak of 125.2965, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BGN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
BGN to PKR Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 150.7272, compared to 158.4916 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 7.7645 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 26.4062 PKR (High: 148.6071 / Low: 122.2009). On the other end, December was the most stable month, with a tight range of 4.3198 PKR (High: 160.0731 / Low: 155.7532).
Growth Streaks & Declines
TrendsBetween January and April, 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 September and October, when the average rate fell by 11.6193 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2023: 163.6655) against the same month in 2022 (average: 114.2263), the exchange rate shifted by +49.4392 (+43.28%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 148.6071 | 122.2009 | 128.9046 |
| February | 151.2061 | 138.5415 | 145.2214 |
| March | 158.0332 | 142.8614 | 153.4371 |
| April | 162.1177 | 156.9395 | 159.1604 |
| May | 165.0185 | 156.0079 | 158.7426 |
| June | 161.1278 | 156.4036 | 158.8968 |
| July | 163.1167 | 152.8269 | 159.2146 |
| August | 170.2523 | 159.5291 | 163.6655 |
| September | 169.3375 | 155.0713 | 162.5404 |
| October | 156.4572 | 148.8064 | 150.9210 |
| November | 160.6280 | 151.5911 | 157.1506 |
| December | 160.0731 | 155.7532 | 157.4576 |