2023 PKR to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 PKR to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the PKR to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 8, valuing the pair at 10.4397. Conversely, the yearly low was recorded on May 12, dropping to 7.0431.
This high-to-low spread represents a total annual volatility of 3.3966 BIF. From a start-to-finish perspective, comparing the January average rate of 8.8700 to the December average rate of 10.1086, the exchange rate registered a net change of 13.96% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 10.4397 was down 9.41% compared to the 2022 peak of 11.5242, indicating shifts in long-term support levels.
Comparing the value generated converting 500,000 PKR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
PKR to BIF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 8.2790, compared to 9.9183 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.6393 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 2.8478 BIF (High: 9.8909 / Low: 7.0431). On the other end, June was the most stable month, with a tight range of 0.0890 BIF (High: 9.9210 / Low: 9.8320).
Growth Streaks & Declines
TrendsBetween April and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 1.0564 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 10.0512) against the same month in 2022 (average: 9.4683), the exchange rate shifted by +0.5829 (+6.16%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 9.1427 | 7.7406 | 8.8700 |
| February | 8.3426 | 7.5134 | 7.8136 |
| March | 7.9009 | 7.3322 | 7.4128 |
| April | 7.4388 | 7.2101 | 7.3309 |
| May | 9.8909 | 7.0431 | 8.3750 |
| June | 9.9210 | 9.8320 | 9.8719 |
| July | 10.4397 | 9.8508 | 10.0512 |
| August | 9.9938 | 9.2951 | 9.6625 |
| September | 9.8905 | 9.2041 | 9.5315 |
| October | 10.3564 | 9.8328 | 10.1604 |
| November | 10.1272 | 9.8739 | 9.9958 |
| December | 10.2394 | 9.9746 | 10.1086 |