YEARLY HIGH
0.2466 PHP
YEARLY LOW
0.1844 PHP
YEARLY AVERAGE
0.1997 PHP

2023 PKR to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PKR to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.2466. Conversely, the yearly low was recorded on September 9, dropping to 0.1844.

This high-to-low spread represents a total annual volatility of 0.0622 PHP. From a start-to-finish perspective, comparing the January average rate of 0.2356 to the December average rate of 0.1969, the exchange rate registered a net change of -16.42% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2466 was down 16.71% compared to the 2022 peak of 0.2961, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 500,000 PKR based on timing:

Yearly Peak High 123,291 PHP
2022 Average 133,988 PHP
Yearly Trough Low 92,184 PHP
Transaction Impact: A difference of 31,107.46 PHP purely based on transaction execution date.

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0.2400
0.1864
JanuMarcMayJulySeptNove

PKR to PHP 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 0.2037, compared to 0.1957 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0081 points.

H1 Avg (Jan–Jun) 0.2037
H2 Avg (Jul–Dec) 0.1957

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0425 PHP (High: 0.2466 / Low: 0.2041). On the other end, June was the most stable month, with a tight range of 0.0040 PHP (High: 0.1969 / Low: 0.1929).

January Spread (Volatile) Âą0.0425
June Spread (Stable) Âą0.0040

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 January and February, when the average rate fell by 0.0288 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0288

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.2356) against the same month in 2022 (average: 0.2901), the exchange rate shifted by -0.0546 (-18.81%).

2023 Avg (January) 0.2356
2022 Avg (January) 0.2901

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Month High Low Average
January 0.2466 0.2041 0.2356
February 0.2142 0.1993 0.2067
March 0.2093 0.1908 0.1954
April 0.2007 0.1889 0.1948
May 0.1975 0.1885 0.1952
June 0.1969 0.1929 0.1947
July 0.2039 0.1894 0.1950
August 0.1987 0.1863 0.1919
September 0.1989 0.1844 0.1909
October 0.2062 0.1962 0.2033
November 0.2022 0.1921 0.1961
December 0.1994 0.1941 0.1969