2023 PKR to ARS Historical Review

YEARLY HIGH

2.9043 ARS

YEARLY LOW

0.6873 ARS

YEARLY AVERAGE

1.0510 ARS

2023 PKR to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PKR to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 2.9043. Conversely, the yearly low was recorded on February 6, dropping to 0.6873.

This high-to-low spread represents a total annual volatility of 2.2170 ARS. From a start-to-finish perspective, comparing the January average rate of 0.7801 to the December average rate of 2.2442, the exchange rate registered a net change of 187.70% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.9043 was up 271.45% compared to the 2022 peak of 0.7819, 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 1,452,148 ARS

2022 Average 317,933 ARS

Yearly Trough Low 343,655 ARS

Transaction Impact: A difference of 1,108,493.43 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.3963

0.5708

JanuMarcMayJulySeptNove

PKR to ARS 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 0.7764, compared to 1.3256 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5492 points.

H1 Avg (Jan–Jun) 0.7764

H2 Avg (Jul–Dec) 1.3256

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 1.6390 ARS (High: 2.9043 / Low: 1.2653). On the other end, March was the most stable month, with a tight range of 0.0440 ARS (High: 0.7538 / Low: 0.7098).

December Spread (Volatile) ±1.6390

March Spread (Stable) ±0.0440

Growth Streaks & Declines

Trends

Between February and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0571 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0571

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 2.2442) against the same month in 2022 (average: 0.7649), the exchange rate shifted by +1.4793 (+193.39%).

2023 Avg (December) 2.2442

2022 Avg (December) 0.7649

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8003	0.6978	0.7801
February	0.7609	0.6873	0.7229
March	0.7538	0.7098	0.7230
April	0.7891	0.7319	0.7588
May	0.8390	0.7695	0.8077
June	0.8953	0.8410	0.8659
July	0.9668	0.8953	0.9436
August	1.2227	0.9608	1.0936
September	1.2169	1.1359	1.1760
October	1.2721	1.2160	1.2529
November	1.2722	1.2166	1.2434
December	2.9043	1.2653	2.2442