2023 CVE to PKR Historical Review

YEARLY HIGH

3.0124 PKR

YEARLY LOW

2.1661 PKR

YEARLY AVERAGE

2.7384 PKR

2023 CVE to PKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 1, valuing the pair at 3.0124. Conversely, the yearly low was recorded on January 5, dropping to 2.1661.

This high-to-low spread represents a total annual volatility of 0.8463 PKR. From a start-to-finish perspective, comparing the January average rate of 2.2815 to the December average rate of 2.7878, the exchange rate registered a net change of 22.19% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 3.0124 was up 31.46% compared to the 2022 peak of 2.2914, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 15,062 PKR

2022 Average 9,716 PKR

Yearly Trough Low 10,830 PKR

Transaction Impact: A difference of 4,231.40 PKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.9643

2.2194

JanuMarcMayJulySeptNove

CVE 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 2.6687, compared to 2.8080 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1392 points.

H1 Avg (Jan–Jun) 2.6687

H2 Avg (Jul–Dec) 2.8080

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.4662 PKR (High: 2.6322 / Low: 2.1661). On the other end, April was the most stable month, with a tight range of 0.0797 PKR (High: 2.8613 / Low: 2.7816).

January Spread (Volatile) ±0.4662

April Spread (Stable) ±0.0797

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 0.2092 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2092

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 2.8833) against the same month in 2022 (average: 2.0739), the exchange rate shifted by +0.8094 (+39.03%).

2023 Avg (September) 2.8833

2022 Avg (September) 2.0739

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6322	2.1661	2.2815
February	2.6787	2.4600	2.5760
March	2.7970	2.5332	2.7184
April	2.8613	2.7816	2.8169
May	2.9267	2.7628	2.8106
June	2.8498	2.7433	2.8090
July	2.8963	2.6789	2.8212
August	3.0072	2.8134	2.9022
September	3.0124	2.7456	2.8833
October	2.7722	2.6297	2.6741
November	2.8418	2.6527	2.7791
December	2.8288	2.7424	2.7878