2023 EUR to PKR Historical Review

YEARLY HIGH

333.0194 PKR

YEARLY LOW

238.9406 PKR

YEARLY AVERAGE

302.5068 PKR

2023 EUR to PKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EUR to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 333.0194. Conversely, the yearly low was recorded on January 5, dropping to 238.9406.

This high-to-low spread represents a total annual volatility of 94.0788 PKR. From a start-to-finish perspective, comparing the January average rate of 252.2078 to the December average rate of 308.0569, the exchange rate registered a net change of 22.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 333.0194 was up 35.80% compared to the 2022 peak of 245.2286, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,665,097 PKR

2022 Average 1,073,877 PKR

Yearly Trough Low 1,194,703 PKR

Transaction Impact: A difference of 470,394.10 PKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

326.9342

245.4145

JanuMarcMayJulySeptNove

EUR 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 294.9825, compared to 310.0312 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 15.0487 points.

H1 Avg (Jan–Jun) 294.9825

H2 Avg (Jul–Dec) 310.0312

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 52.0957 PKR (High: 291.0363 / Low: 238.9406). On the other end, December was the most stable month, with a tight range of 8.5426 PKR (High: 313.2397 / Low: 304.6972).

January Spread (Volatile) ±52.0957

December Spread (Stable) ±8.5426

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 22.7706 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -22.7706

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 320.1409) against the same month in 2022 (average: 223.4187), the exchange rate shifted by +96.7221 (+43.29%).

2023 Avg (August) 320.1409

2022 Avg (August) 223.4187

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	291.0363	238.9406	252.2078
February	295.8618	270.2794	284.1358
March	309.3575	279.6130	300.2012
April	317.1730	305.6169	311.7080
May	323.4329	305.2402	310.8449
June	315.2873	305.9067	310.7972
July	318.9090	298.7949	311.4031
August	333.0194	312.0192	320.1409
September	330.8999	303.3144	317.9608
October	305.3519	291.2383	295.1903
November	314.7960	296.7147	307.4350
December	313.2397	304.6972	308.0569