2023 MGA to PKR Historical Review

YEARLY HIGH

0.0687 PKR

YEARLY LOW

0.0502 PKR

YEARLY AVERAGE

0.0628 PKR

2023 MGA to PKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MGA to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 6, valuing the pair at 0.0687. Conversely, the yearly low was recorded on January 5, dropping to 0.0502.

This high-to-low spread represents a total annual volatility of 0.0185 PKR. From a start-to-finish perspective, comparing the January average rate of 0.0532 to the December average rate of 0.0615, the exchange rate registered a net change of 15.67% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0687 was up 18.85% compared to the 2022 peak of 0.0578, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 344 PKR

2022 Average 247 PKR

Yearly Trough Low 251 PKR

Transaction Impact: A difference of 92.45 PKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0673

0.0519

JanuMarcMayJulySeptNove

MGA 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 0.0623, compared to 0.0633 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0010 points.

H1 Avg (Jan–Jun) 0.0623

H2 Avg (Jul–Dec) 0.0633

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0123 PKR (High: 0.0625 / Low: 0.0502). On the other end, June was the most stable month, with a tight range of 0.0019 PKR (High: 0.0649 / Low: 0.0630).

January Spread (Volatile) ±0.0123

June Spread (Stable) ±0.0019

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 0.0043 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0043

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 0.0660) against the same month in 2022 (average: 0.0551), the exchange rate shifted by +0.0109 (+19.71%).

2023 Avg (September) 0.0660

2022 Avg (September) 0.0551

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0625	0.0502	0.0532
February	0.0643	0.0582	0.0618
March	0.0658	0.0610	0.0650
April	0.0662	0.0634	0.0648
May	0.0673	0.0643	0.0649
June	0.0649	0.0630	0.0640
July	0.0651	0.0601	0.0626
August	0.0674	0.0628	0.0652
September	0.0687	0.0634	0.0660
October	0.0635	0.0608	0.0617
November	0.0641	0.0617	0.0629
December	0.0634	0.0604	0.0615