YEARLY HIGH
0.0930 TRY
YEARLY LOW
0.0436 TRY
YEARLY AVERAGE
0.0543 TRY

2021 PKR to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the PKR to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 0.0930. Conversely, the yearly low was recorded on February 17, dropping to 0.0436.

This high-to-low spread represents a total annual volatility of 0.0494 TRY. From a start-to-finish perspective, comparing the January average rate of 0.0461 to the December average rate of 0.0758, the exchange rate registered a net change of 64.51% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0930 was up 73.66% compared to the 2020 peak of 0.0536, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 500,000 PKR based on timing:

Yearly Peak High 46,512 TRY
2020 Average 21,688 TRY
Yearly Trough Low 21,819 TRY
Transaction Impact: A difference of 24,692.50 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0789
0.0415
JanuMarcMayJulySeptNove

PKR to TRY 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 0.0506, compared to 0.0580 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0074 points.

H1 Avg (Jan–Jun) 0.0506
H2 Avg (Jul–Dec) 0.0580

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 0.0330 TRY (High: 0.0930 / Low: 0.0601). On the other end, January was the most stable month, with a tight range of 0.0012 TRY (High: 0.0466 / Low: 0.0454).

December Spread (Volatile) ±0.0330
January Spread (Stable) ±0.0012

Growth Streaks & Declines

Trends

Between February and June, 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 July and August, when the average rate fell by 0.0023 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0023

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 0.0758) against the same month in 2020 (average: 0.0481), the exchange rate shifted by +0.0277 (+57.74%).

2021 Avg (December) 0.0758
2020 Avg (December) 0.0481

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0466 0.0454 0.0461
February 0.0470 0.0436 0.0446
March 0.0544 0.0461 0.0493
April 0.0549 0.0526 0.0534
May 0.0559 0.0539 0.0547
June 0.0563 0.0535 0.0552
July 0.0553 0.0520 0.0537
August 0.0528 0.0499 0.0515
September 0.0525 0.0495 0.0509
October 0.0559 0.0518 0.0537
November 0.0766 0.0556 0.0623
December 0.0930 0.0601 0.0758