2023 PKR to CDF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 PKR to CDF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the PKR to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 9.9355. Conversely, the yearly low was recorded on May 12, dropping to 6.9170.
This high-to-low spread represents a total annual volatility of 3.0185 CDF. From a start-to-finish perspective, comparing the January average rate of 8.7827 to the December average rate of 9.6542, the exchange rate registered a net change of 9.92% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 9.9355 was down 13.79% 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 CDF 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 7.8623, compared to 8.8636 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.0012 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 1.3965 CDF (High: 9.0693 / Low: 7.6728). On the other end, June was the most stable month, with a tight range of 0.3021 CDF (High: 8.4119 / Low: 8.1098).
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 1.0092 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 9.6542) against the same month in 2022 (average: 9.0821), the exchange rate shifted by +0.5720 (+6.30%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 9.0693 | 7.6728 | 8.7827 |
| February | 8.2620 | 7.4725 | 7.7735 |
| March | 7.8786 | 7.2093 | 7.3832 |
| April | 7.7592 | 7.1198 | 7.3381 |
| May | 8.1815 | 6.9170 | 7.6612 |
| June | 8.4119 | 8.1098 | 8.2353 |
| July | 9.0804 | 8.4119 | 8.7704 |
| August | 8.7529 | 8.1484 | 8.4422 |
| September | 8.6638 | 8.0669 | 8.3475 |
| October | 9.3812 | 8.6151 | 9.0153 |
| November | 9.5532 | 8.6104 | 8.9518 |
| December | 9.9355 | 9.3610 | 9.6542 |