2023 PKR to BGN Historical Review

YEARLY HIGH

0.0082 BGN

YEARLY LOW

0.0059 BGN

YEARLY AVERAGE

0.0065 BGN

2023 PKR to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PKR to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.0082. Conversely, the yearly low was recorded on August 30, dropping to 0.0059.

This high-to-low spread represents a total annual volatility of 0.0023 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0078 to the December average rate of 0.0064, the exchange rate registered a net change of -18.34% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0082 was down 19.18% compared to the 2022 peak of 0.0101, 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 4,092 BGN

2022 Average 4,574 BGN

Yearly Trough Low 2,937 BGN

Transaction Impact: A difference of 1,154.81 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0079

0.0059

JanuMarcMayJulySeptNove

PKR to BGN 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 0.0067, compared to 0.0063 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0067

H2 Avg (Jul–Dec) 0.0063

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0015 BGN (High: 0.0082 / Low: 0.0067). On the other end, December was the most stable month, with a tight range of 0.0002 BGN (High: 0.0064 / Low: 0.0062).

January Spread (Volatile) ±0.0015

December Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between August and October, 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 January and February, when the average rate fell by 0.0009 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0078) against the same month in 2022 (average: 0.0098), the exchange rate shifted by -0.0020 (-20.53%).

2023 Avg (January) 0.0078

2022 Avg (January) 0.0098

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0082	0.0067	0.0078
February	0.0072	0.0066	0.0069
March	0.0070	0.0063	0.0065
April	0.0064	0.0062	0.0063
May	0.0064	0.0061	0.0063
June	0.0064	0.0062	0.0063
July	0.0065	0.0061	0.0063
August	0.0063	0.0059	0.0061
September	0.0064	0.0059	0.0062
October	0.0067	0.0064	0.0066
November	0.0066	0.0062	0.0064
December	0.0064	0.0062	0.0064