2024 PKR to CDF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 PKR to CDF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PKR to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on October 29, valuing the pair at 10.3606. Conversely, the yearly low was recorded on January 20, dropping to 9.4966.
This high-to-low spread represents a total annual volatility of 0.8640 CDF. From a start-to-finish perspective, comparing the January average rate of 9.7240 to the December average rate of 10.2634, the exchange rate registered a net change of 5.55% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 10.3606 was up 4.28% compared to the 2023 peak of 9.9355, 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 2024.
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 9.9694, compared to 10.2533 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2839 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was January, with a trading range of 0.4052 CDF (High: 9.9019 / Low: 9.4966). On the other end, November was the most stable month, with a tight range of 0.1007 CDF (High: 10.3398 / Low: 10.2392).
Growth Streaks & Declines
TrendsBetween January and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0298 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2024: 10.2760) against the same month in 2023 (average: 9.0153), the exchange rate shifted by +1.2607 (+13.98%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 9.9019 | 9.4966 | 9.7240 |
| February | 9.9693 | 9.8087 | 9.8791 |
| March | 10.0557 | 9.9106 | 9.9568 |
| April | 10.1471 | 9.9892 | 10.0394 |
| May | 10.1500 | 10.0000 | 10.0471 |
| June | 10.2391 | 10.0520 | 10.1703 |
| July | 10.3163 | 10.1560 | 10.2183 |
| August | 10.3047 | 10.1211 | 10.2331 |
| September | 10.3169 | 10.1758 | 10.2360 |
| October | 10.3606 | 10.2159 | 10.2760 |
| November | 10.3398 | 10.2392 | 10.2932 |
| December | 10.3422 | 10.2107 | 10.2634 |