2023 PKR to COP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 PKR to COP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the PKR to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 21.8926. Conversely, the yearly low was recorded on September 9, dropping to 13.0743.
This high-to-low spread represents a total annual volatility of 8.8184 COP. From a start-to-finish perspective, comparing the January average rate of 20.2227 to the December average rate of 14.0305, the exchange rate registered a net change of -30.62% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 21.8926 was down 5.49% compared to the 2022 peak of 23.1653, 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 COP 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 16.9716, compared to 14.1885 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.7832 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 4.6752 COP (High: 21.8926 / Low: 17.2174). On the other end, December was the most stable month, with a tight range of 0.6507 COP (High: 14.2663 / Low: 13.6156).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 2.1451 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 20.2227) against the same month in 2022 (average: 22.6601), the exchange rate shifted by -2.4375 (-10.76%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 21.8926 | 17.2174 | 20.2227 |
| February | 19.0021 | 17.1309 | 18.0776 |
| March | 18.5444 | 16.2434 | 16.9887 |
| April | 16.5288 | 15.4400 | 15.9859 |
| May | 16.5185 | 15.3812 | 15.8942 |
| June | 15.5261 | 14.2224 | 14.6608 |
| July | 15.4061 | 13.7087 | 14.4447 |
| August | 14.6022 | 13.3963 | 13.8826 |
| September | 14.2396 | 13.0743 | 13.4738 |
| October | 15.5927 | 14.1146 | 15.1108 |
| November | 14.6470 | 13.7579 | 14.1883 |
| December | 14.2663 | 13.6156 | 14.0305 |