2023 KES to PKR Historical Review

YEARLY HIGH

2.2069 PKR

YEARLY LOW

1.7720 PKR

YEARLY AVERAGE

2.0031 PKR

2023 KES to PKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KES to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 7, valuing the pair at 2.2069. Conversely, the yearly low was recorded on December 29, dropping to 1.7720.

This high-to-low spread represents a total annual volatility of 0.4349 PKR. From a start-to-finish perspective, comparing the January average rate of 1.8856 to the December average rate of 1.8261, the exchange rate registered a net change of -3.15% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.2069 was up 9.65% compared to the 2022 peak of 2.0126, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,034 PKR

2022 Average 8,659 PKR

Yearly Trough Low 8,860 PKR

Transaction Impact: A difference of 2,174.43 PKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.1958

1.7925

JanuMarcMayJulySeptNove

KES 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 2.0680, compared to 1.9383 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1297 points.

H1 Avg (Jan–Jun) 2.0680

H2 Avg (Jul–Dec) 1.9383

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.3165 PKR (High: 2.1530 / Low: 1.8365). On the other end, June was the most stable month, with a tight range of 0.0549 PKR (High: 2.0847 / Low: 2.0298).

January Spread (Volatile) ±0.3165

June Spread (Stable) ±0.0549

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.1567 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1567

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 2.1132) against the same month in 2022 (average: 1.5448), the exchange rate shifted by +0.5684 (+36.79%).

2023 Avg (February) 2.1132

2022 Avg (February) 1.5448

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1530	1.8365	1.8856
February	2.2069	1.9911	2.1132
March	2.1842	2.0580	2.1622
April	2.1633	2.0595	2.1113
May	2.1596	2.0585	2.0823
June	2.0847	2.0298	2.0533
July	2.0586	1.9268	1.9915
August	2.1150	1.9893	2.0413
September	2.1110	1.9415	2.0287
October	1.9504	1.8333	1.8720
November	1.8955	1.8376	1.8700
December	1.8612	1.7720	1.8261