2023 ISK to PKR Historical Review

YEARLY HIGH

2.3370 PKR

YEARLY LOW

1.5690 PKR

YEARLY AVERAGE

2.0299 PKR

2023 ISK to PKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 2.3370. Conversely, the yearly low was recorded on January 5, dropping to 1.5690.

This high-to-low spread represents a total annual volatility of 0.7680 PKR. From a start-to-finish perspective, comparing the January average rate of 1.6360 to the December average rate of 2.0460, the exchange rate registered a net change of 25.06% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.3370 was up 32.19% compared to the 2022 peak of 1.7680, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,685 PKR

2022 Average 7,548 PKR

Yearly Trough Low 7,845 PKR

Transaction Impact: A difference of 3,840.08 PKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.2852

1.5770

JanuMarcMayJulySeptNove

ISK 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 1.9526, compared to 2.1072 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1545 points.

H1 Avg (Jan–Jun) 1.9526

H2 Avg (Jul–Dec) 2.1072

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.3295 PKR (High: 1.8985 / Low: 1.5690). On the other end, December was the most stable month, with a tight range of 0.0595 PKR (High: 2.0787 / Low: 2.0192).

January Spread (Volatile) ±0.3295

December Spread (Stable) ±0.0595

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 0.1850 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1850

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 2.2262) against the same month in 2022 (average: 1.5930), the exchange rate shifted by +0.6331 (+39.74%).

2023 Avg (August) 2.2262

2022 Avg (August) 1.5930

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8985	1.5690	1.6360
February	1.9452	1.7663	1.8558
March	2.0888	1.8453	2.0028
April	2.1186	2.0415	2.0782
May	2.1492	2.0309	2.0636
June	2.1319	2.0271	2.0793
July	2.1846	2.0253	2.1227
August	2.3370	2.1505	2.2262
September	2.3216	2.0883	2.2009
October	2.0973	1.9824	2.0159
November	2.0863	1.9747	2.0313
December	2.0787	2.0192	2.0460