2023 BND to PKR Historical Review

YEARLY HIGH

226.8068 PKR

YEARLY LOW

168.4366 PKR

YEARLY AVERAGE

208.1401 PKR

2023 BND to PKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BND to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 1, valuing the pair at 226.8068. Conversely, the yearly low was recorded on January 7, dropping to 168.4366.

This high-to-low spread represents a total annual volatility of 58.3702 PKR. From a start-to-finish perspective, comparing the January average rate of 176.2028 to the December average rate of 211.6834, the exchange rate registered a net change of 20.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 226.8068 was up 30.67% compared to the 2022 peak of 173.5753, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,134,034 PKR

2022 Average 741,503 PKR

Yearly Trough Low 842,183 PKR

Transaction Impact: A difference of 291,851.01 PKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

222.7808

171.9684

JanuMarcMayJulySeptNove

BND 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 204.0480, compared to 212.2322 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 8.1842 points.

H1 Avg (Jan–Jun) 204.0480

H2 Avg (Jul–Dec) 212.2322

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 35.0154 PKR (High: 203.4520 / Low: 168.4366). On the other end, December was the most stable month, with a tight range of 3.2404 PKR (High: 213.2857 / Low: 210.0453).

January Spread (Volatile) ±35.0154

December Spread (Stable) ±3.2404

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 14.4193 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -14.4193

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 218.5465) against the same month in 2022 (average: 163.3229), the exchange rate shifted by +55.2236 (+33.81%).

2023 Avg (September) 218.5465

2022 Avg (September) 163.3229

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	203.4520	168.4366	176.2028
February	207.9335	189.3717	199.3492
March	213.7694	195.6274	209.1135
April	217.4962	209.7572	213.2515
May	222.6535	210.6869	213.3981
June	215.2298	210.9748	212.9732
July	216.3901	201.5195	211.0370
August	224.9733	210.9492	217.2875
September	226.8068	209.9063	218.5465
October	211.7494	200.4137	204.1271
November	214.5514	204.5093	210.7119
December	213.2857	210.0453	211.6834