2023 LKR to PKR Historical Review

YEARLY HIGH

0.9840 PKR

YEARLY LOW

0.6167 PKR

YEARLY AVERAGE

0.8552 PKR

2023 LKR to PKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the LKR to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on June 3, valuing the pair at 0.9840. Conversely, the yearly low was recorded on January 1, dropping to 0.6167.

This high-to-low spread represents a total annual volatility of 0.3674 PKR. From a start-to-finish perspective, comparing the January average rate of 0.6392 to the December average rate of 0.8632, the exchange rate registered a net change of 35.05% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.9840 was up 11.26% compared to the 2022 peak of 0.8845, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,920 PKR

2022 Average 3,254 PKR

Yearly Trough Low 3,083 PKR

Transaction Impact: A difference of 1,836.77 PKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.9784

0.6083

JanuMarcMayJulySeptNove

LKR 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 0.8261, compared to 0.8842 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0581 points.

H1 Avg (Jan–Jun) 0.8261

H2 Avg (Jul–Dec) 0.8842

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.1518 PKR (High: 0.8839 / Low: 0.7322). On the other end, December was the most stable month, with a tight range of 0.0158 PKR (High: 0.8713 / Low: 0.8555).

March Spread (Volatile) ±0.1518

December Spread (Stable) ±0.0158

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 June and July, when the average rate fell by 0.0653 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0653

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.9476) against the same month in 2022 (average: 0.5694), the exchange rate shifted by +0.3782 (+66.43%).

2023 Avg (June) 0.9476

2022 Avg (June) 0.5694

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7292	0.6167	0.6392
February	0.7545	0.6800	0.7272
March	0.8839	0.7322	0.8390
April	0.9028	0.8598	0.8811
May	0.9709	0.8860	0.9227
June	0.9840	0.8909	0.9476
July	0.9343	0.8549	0.8823
August	0.9470	0.8757	0.9120
September	0.9576	0.8865	0.9213
October	0.8895	0.8453	0.8598
November	0.8786	0.8532	0.8668
December	0.8713	0.8555	0.8632