2023 CRC to PKR Historical Review

YEARLY HIGH

0.5740 PKR

YEARLY LOW

0.3830 PKR

YEARLY AVERAGE

0.5169 PKR

2023 CRC to PKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CRC to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 6, valuing the pair at 0.5740. Conversely, the yearly low was recorded on January 1, dropping to 0.3830.

This high-to-low spread represents a total annual volatility of 0.1910 PKR. From a start-to-finish perspective, comparing the January average rate of 0.4072 to the December average rate of 0.5370, the exchange rate registered a net change of 31.89% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5740 was up 47.16% compared to the 2022 peak of 0.3901, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,870 PKR

2022 Average 1,591 PKR

Yearly Trough Low 1,915 PKR

Transaction Impact: A difference of 954.81 PKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5708

0.3923

JanuMarcMayJulySeptNove

CRC 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 0.4971, compared to 0.5367 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0397 points.

H1 Avg (Jan–Jun) 0.4971

H2 Avg (Jul–Dec) 0.5367

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.1022 PKR (High: 0.4852 / Low: 0.3830). On the other end, June was the most stable month, with a tight range of 0.0085 PKR (High: 0.5348 / Low: 0.5263).

January Spread (Volatile) ±0.1022

June Spread (Stable) ±0.0085

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 0.0306 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0306

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 0.5559) against the same month in 2022 (average: 0.3602), the exchange rate shifted by +0.1957 (+54.32%).

2023 Avg (September) 0.5559

2022 Avg (September) 0.3602

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4852	0.3830	0.4072
February	0.4880	0.4429	0.4698
March	0.5260	0.4694	0.5136
April	0.5370	0.5237	0.5296
May	0.5520	0.5222	0.5316
June	0.5348	0.5263	0.5308
July	0.5375	0.5014	0.5214
August	0.5647	0.5220	0.5453
September	0.5740	0.5341	0.5559
October	0.5395	0.5190	0.5253
November	0.5431	0.5239	0.5356
December	0.5416	0.5310	0.5370