2023 GBP to PKR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 GBP to PKR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the GBP to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 387.3055. Conversely, the yearly low was recorded on January 5, dropping to 270.4829.
This high-to-low spread represents a total annual volatility of 116.8227 PKR. From a start-to-finish perspective, comparing the January average rate of 286.2703 to the December average rate of 357.2145, the exchange rate registered a net change of 24.78% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 387.3055 was up 32.24% compared to the 2022 peak of 292.8895, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GBP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
GBP to PKR Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 336.3941, compared to 359.0959 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 22.7018 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 59.3486 PKR (High: 329.8314 / Low: 270.4829). On the other end, December was the most stable month, with a tight range of 8.2648 PKR (High: 362.2070 / Low: 353.9422).
Growth Streaks & Declines
TrendsBetween January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 28.8592 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2023: 372.7187) against the same month in 2022 (average: 264.1699), the exchange rate shifted by +108.5488 (+41.09%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 329.8314 | 270.4829 | 286.2703 |
| February | 332.3439 | 301.6944 | 320.2798 |
| March | 351.4016 | 315.2168 | 340.1061 |
| April | 360.2781 | 347.4915 | 353.0411 |
| May | 369.7881 | 351.8971 | 356.4675 |
| June | 368.5938 | 355.0570 | 362.1998 |
| July | 371.1145 | 349.6882 | 362.6512 |
| August | 387.3055 | 361.4478 | 372.7187 |
| September | 387.2749 | 349.6754 | 368.8874 |
| October | 352.4347 | 334.1522 | 340.0282 |
| November | 363.2438 | 341.4176 | 353.0753 |
| December | 362.2070 | 353.9422 | 357.2145 |