2023 BIF to PKR Historical Review

YEARLY HIGH

0.1420 PKR

YEARLY LOW

0.0958 PKR

YEARLY AVERAGE

0.1118 PKR

2023 BIF to PKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BIF to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 11, valuing the pair at 0.1420. Conversely, the yearly low was recorded on July 8, dropping to 0.0958.

This high-to-low spread represents a total annual volatility of 0.0462 PKR. From a start-to-finish perspective, comparing the January average rate of 0.1130 to the December average rate of 0.0989, the exchange rate registered a net change of -12.43% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1420 was up 21.20% compared to the 2022 peak of 0.1172, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 710 PKR

2022 Average 501 PKR

Yearly Trough Low 479 PKR

Transaction Impact: A difference of 230.97 PKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1402

0.0946

JanuMarcMayJulySeptNove

BIF to PKR 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 0.1226, compared to 0.1009 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0217 points.

H1 Avg (Jan–Jun) 0.1226

H2 Avg (Jul–Dec) 0.1009

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0409 PKR (High: 0.1420 / Low: 0.1011). On the other end, June was the most stable month, with a tight range of 0.0009 PKR (High: 0.1017 / Low: 0.1008).

May Spread (Volatile) ±0.0409

June Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between 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 May and June, when the average rate fell by 0.0208 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0208

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.1221) against the same month in 2022 (average: 0.0954), the exchange rate shifted by +0.0267 (+27.94%).

2023 Avg (May) 0.1221

2022 Avg (May) 0.0954

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1292	0.1094	0.1130
February	0.1331	0.1199	0.1280
March	0.1364	0.1266	0.1349
April	0.1387	0.1344	0.1364
May	0.1420	0.1011	0.1221
June	0.1017	0.1008	0.1013
July	0.1015	0.0958	0.0995
August	0.1076	0.1001	0.1036
September	0.1086	0.1011	0.1050
October	0.1017	0.0966	0.0984
November	0.1013	0.0987	0.1000
December	0.1003	0.0977	0.0989