2023 PKR to AFN Historical Review

YEARLY HIGH

0.3935 AFN

YEARLY LOW

0.2385 AFN

YEARLY AVERAGE

0.2978 AFN

2023 PKR to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PKR to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 0.3935. Conversely, the yearly low was recorded on September 6, dropping to 0.2385.

This high-to-low spread represents a total annual volatility of 0.1551 AFN. From a start-to-finish perspective, comparing the January average rate of 0.3809 to the December average rate of 0.2480, the exchange rate registered a net change of -34.89% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3935 was down 34.26% compared to the 2022 peak of 0.5986, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 196,763 AFN

2022 Average 222,868 AFN

Yearly Trough Low 119,236 AFN

Transaction Impact: A difference of 77,527.03 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3942

0.2348

JanuMarcMayJulySeptNove

PKR to AFN 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 0.3243, compared to 0.2713 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0530 points.

H1 Avg (Jan–Jun) 0.3243

H2 Avg (Jul–Dec) 0.2713

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0616 AFN (High: 0.3935 / Low: 0.3319). On the other end, June was the most stable month, with a tight range of 0.0090 AFN (High: 0.3063 / Low: 0.2974).

January Spread (Volatile) ±0.0616

June Spread (Stable) ±0.0090

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0431 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0431

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.3809) against the same month in 2022 (average: 0.5922), the exchange rate shifted by -0.2113 (-35.67%).

2023 Avg (January) 0.3809

2022 Avg (January) 0.5922

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3935	0.3319	0.3809
February	0.3605	0.3289	0.3378
March	0.3395	0.3019	0.3128
April	0.3222	0.2994	0.3054
May	0.3097	0.2976	0.3062
June	0.3063	0.2974	0.3025
July	0.3175	0.2984	0.3077
August	0.3024	0.2677	0.2879
September	0.2723	0.2385	0.2620
October	0.2741	0.2625	0.2704
November	0.2637	0.2410	0.2516
December	0.2539	0.2439	0.2480