YEARLY HIGH
5.4239 PKR
YEARLY LOW
4.0554 PKR
YEARLY AVERAGE
5.0243 PKR

2023 PHP to PKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 8, valuing the pair at 5.4239. Conversely, the yearly low was recorded on January 3, dropping to 4.0554.

This high-to-low spread represents a total annual volatility of 1.3685 PKR. From a start-to-finish perspective, comparing the January average rate of 4.2560 to the December average rate of 5.0798, the exchange rate registered a net change of 19.35% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 5.4239 was up 25.05% compared to the 2022 peak of 4.3375, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 PHP based on timing:

Yearly Peak High 1,355,987 PKR
2022 Average 936,638 PKR
Yearly Trough Low 1,013,859 PKR
Transaction Impact: A difference of 342,127.20 PKR purely based on transaction execution date.

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5.3408
4.1574
JanuMarcMayJulySeptNove

PHP 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 4.9347, compared to 5.1138 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1791 points.

H1 Avg (Jan–Jun) 4.9347
H2 Avg (Jul–Dec) 5.1138

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.8435 PKR (High: 4.8989 / Low: 4.0554). On the other end, June was the most stable month, with a tight range of 0.1059 PKR (High: 5.1845 / Low: 5.0786).

January Spread (Volatile) Âą0.8435
June Spread (Stable) Âą0.1059

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 September and October, when the average rate fell by 0.3216 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.3216

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 5.2422) against the same month in 2022 (average: 3.9974), the exchange rate shifted by +1.2449 (+31.14%).

2023 Avg (September) 5.2422
2022 Avg (September) 3.9974

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Month High Low Average
January 4.8989 4.0554 4.2560
February 5.0175 4.6681 4.8400
March 5.2400 4.7771 5.1192
April 5.2930 4.9828 5.1346
May 5.3041 5.0645 5.1230
June 5.1845 5.0786 5.1354
July 5.2789 4.9048 5.1293
August 5.3665 5.0323 5.2120
September 5.4239 5.0274 5.2422
October 5.0974 4.8500 4.9206
November 5.2051 4.9451 5.0992
December 5.1532 5.0148 5.0798