2023 JPY to PKR Historical Review

YEARLY HIGH

2.2040 PKR

YEARLY LOW

1.7036 PKR

YEARLY AVERAGE

1.9905 PKR

2023 JPY to PKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JPY to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 5, valuing the pair at 2.2040. Conversely, the yearly low was recorded on January 5, dropping to 1.7036.

This high-to-low spread represents a total annual volatility of 0.5004 PKR. From a start-to-finish perspective, comparing the January average rate of 1.7959 to the December average rate of 1.9633, the exchange rate registered a net change of 9.32% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.2040 was up 21.21% compared to the 2022 peak of 1.8184, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,102,014 PKR

2022 Average 777,779 PKR

Yearly Trough Low 851,790 PKR

Transaction Impact: A difference of 250,223.88 PKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.1569

1.7630

JanuMarcMayJulySeptNove

JPY 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 2.0204, compared to 1.9607 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0597 points.

H1 Avg (Jan–Jun) 2.0204

H2 Avg (Jul–Dec) 1.9607

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.3559 PKR (High: 2.0595 / Low: 1.7036). On the other end, November was the most stable month, with a tight range of 0.0816 PKR (High: 1.9429 / Low: 1.8614).

January Spread (Volatile) ±0.3559

November Spread (Stable) ±0.0816

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 0.1463 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1463

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 2.1241) against the same month in 2022 (average: 1.4632), the exchange rate shifted by +0.6609 (+45.16%).

2023 Avg (April) 2.1241

2022 Avg (April) 1.4632

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0595	1.7036	1.7959
February	2.1037	1.8896	1.9940
March	2.1653	1.9243	2.0979
April	2.2040	2.0579	2.1241
May	2.1982	2.0275	2.0823
June	2.0675	1.9782	2.0282
July	2.0656	1.9166	1.9951
August	2.0857	1.9678	2.0265
September	2.0947	1.9261	2.0145
October	1.9330	1.8351	1.8682
November	1.9429	1.8614	1.8966
December	1.9947	1.9086	1.9633