2024 PKR to CVE Historical Review

YEARLY HIGH

0.3818 CVE

YEARLY LOW

0.3552 CVE

YEARLY AVERAGE

0.3664 CVE

2024 PKR to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PKR to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 0.3818. Conversely, the yearly low was recorded on August 26, dropping to 0.3552.

This high-to-low spread represents a total annual volatility of 0.0266 CVE. From a start-to-finish perspective, comparing the January average rate of 0.3613 to the December average rate of 0.3784, the exchange rate registered a net change of 4.73% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3818 was down 17.30% compared to the 2023 peak of 0.4617, 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 190,890 CVE

2023 Average 183,396 CVE

Yearly Trough Low 177,608 CVE

Transaction Impact: A difference of 13,281.96 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3806

0.3550

JanuMarcMayJulySeptNove

PKR to CVE 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 0.3662, compared to 0.3665 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.3662

H2 Avg (Jul–Dec) 0.3665

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0172 CVE (High: 0.3815 / Low: 0.3643). On the other end, September was the most stable month, with a tight range of 0.0037 CVE (High: 0.3593 / Low: 0.3556).

November Spread (Volatile) ±0.0172

September Spread (Stable) ±0.0037

Growth Streaks & Declines

Trends

Between September and December, 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 July and August, when the average rate fell by 0.0051 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0051

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.3784) against the same month in 2023 (average: 0.3587), the exchange rate shifted by +0.0197 (+5.49%).

2024 Avg (December) 0.3784

2023 Avg (December) 0.3587

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3671	0.3561	0.3613
February	0.3701	0.3639	0.3666
March	0.3687	0.3612	0.3645
April	0.3730	0.3656	0.3694
May	0.3721	0.3642	0.3672
June	0.3714	0.3638	0.3683
July	0.3701	0.3623	0.3654
August	0.3676	0.3552	0.3604
September	0.3593	0.3556	0.3572
October	0.3686	0.3585	0.3646
November	0.3815	0.3643	0.3734
December	0.3818	0.3746	0.3784