2023 MMK to PKR Historical Review

YEARLY HIGH

0.1465 PKR

YEARLY LOW

0.1079 PKR

YEARLY AVERAGE

0.1331 PKR

2023 MMK to PKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MMK to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 6, valuing the pair at 0.1465. Conversely, the yearly low was recorded on January 1, dropping to 0.1079.

This high-to-low spread represents a total annual volatility of 0.0386 PKR. From a start-to-finish perspective, comparing the January average rate of 0.1113 to the December average rate of 0.1342, the exchange rate registered a net change of 20.54% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1465 was up 13.42% compared to the 2022 peak of 0.1292, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 733 PKR

2022 Average 530 PKR

Yearly Trough Low 540 PKR

Transaction Impact: A difference of 193.04 PKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1448

0.1083

JanuMarcMayJulySeptNove

MMK 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 0.1299, compared to 0.1364 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0066 points.

H1 Avg (Jan–Jun) 0.1299

H2 Avg (Jul–Dec) 0.1364

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0197 PKR (High: 0.1276 / Low: 0.1079). On the other end, June was the most stable month, with a tight range of 0.0012 PKR (High: 0.1370 / Low: 0.1358).

January Spread (Volatile) ±0.0197

June Spread (Stable) ±0.0012

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 September and October, when the average rate fell by 0.0087 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0087

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 0.1418) against the same month in 2022 (average: 0.1098), the exchange rate shifted by +0.0320 (+29.13%).

2023 Avg (September) 0.1418

2022 Avg (September) 0.1098

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1276	0.1079	0.1113
February	0.1313	0.1182	0.1264
March	0.1352	0.1248	0.1336
April	0.1374	0.1333	0.1352
May	0.1408	0.1350	0.1361
June	0.1370	0.1358	0.1365
July	0.1371	0.1297	0.1343
August	0.1450	0.1350	0.1398
September	0.1465	0.1369	0.1418
October	0.1373	0.1312	0.1331
November	0.1373	0.1327	0.1354
December	0.1358	0.1325	0.1342