2023 IRR to PKR Historical Review

YEARLY HIGH

0.0073 PKR

YEARLY LOW

0.0054 PKR

YEARLY AVERAGE

0.0066 PKR

2023 IRR to PKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IRR to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 5, valuing the pair at 0.0073. Conversely, the yearly low was recorded on January 1, dropping to 0.0054.

This high-to-low spread represents a total annual volatility of 0.0019 PKR. From a start-to-finish perspective, comparing the January average rate of 0.0056 to the December average rate of 0.0067, the exchange rate registered a net change of 19.83% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0073 was up 28.20% compared to the 2022 peak of 0.0057, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 36 PKR

2022 Average 24 PKR

Yearly Trough Low 27 PKR

Transaction Impact: A difference of 9.36 PKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0072

0.0054

JanuMarcMayJulySeptNove

IRR 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 0.0065, compared to 0.0068 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0065

H2 Avg (Jul–Dec) 0.0068

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0009 PKR (High: 0.0063 / Low: 0.0054). On the other end, June was the most stable month, with a tight range of 0.0001 PKR (High: 0.0068 / Low: 0.0067).

January Spread (Volatile) ±0.0009

June Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0004 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 0.0070) against the same month in 2022 (average: 0.0054), the exchange rate shifted by +0.0016 (+29.42%).

2023 Avg (September) 0.0070

2022 Avg (September) 0.0054

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0063	0.0054	0.0056
February	0.0065	0.0059	0.0063
March	0.0068	0.0062	0.0066
April	0.0068	0.0066	0.0067
May	0.0070	0.0067	0.0068
June	0.0068	0.0067	0.0068
July	0.0068	0.0064	0.0067
August	0.0072	0.0067	0.0069
September	0.0073	0.0068	0.0070
October	0.0068	0.0065	0.0066
November	0.0068	0.0066	0.0067
December	0.0068	0.0066	0.0067