2023 PKR to ETB Historical Review

YEARLY HIGH

0.2366 ETB

YEARLY LOW

0.1793 ETB

YEARLY AVERAGE

0.1966 ETB

2023 PKR to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PKR to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.2366. Conversely, the yearly low was recorded on September 6, dropping to 0.1793.

This high-to-low spread represents a total annual volatility of 0.0573 ETB. From a start-to-finish perspective, comparing the January average rate of 0.2300 to the December average rate of 0.1991, the exchange rate registered a net change of -13.40% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2366 was down 18.40% compared to the 2022 peak of 0.2899, 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 118,285 ETB

2022 Average 127,994 ETB

Yearly Trough Low 89,639 ETB

Transaction Impact: A difference of 28,645.87 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2344

0.1812

JanuMarcMayJulySeptNove

PKR to ETB 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 0.1993, compared to 0.1938 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0056 points.

H1 Avg (Jan–Jun) 0.1993

H2 Avg (Jul–Dec) 0.1938

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0363 ETB (High: 0.2366 / Low: 0.2002). On the other end, June was the most stable month, with a tight range of 0.0028 ETB (High: 0.1920 / Low: 0.1892).

January Spread (Volatile) ±0.0363

June Spread (Stable) ±0.0028

Growth Streaks & Declines

Trends

Between May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0275 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0275

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.2300) against the same month in 2022 (average: 0.2809), the exchange rate shifted by -0.0509 (-18.14%).

2023 Avg (January) 0.2300

2022 Avg (January) 0.2809

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2366	0.2002	0.2300
February	0.2158	0.1944	0.2024
March	0.2051	0.1899	0.1919
April	0.1947	0.1880	0.1910
May	0.1919	0.1834	0.1903
June	0.1920	0.1892	0.1904
July	0.2009	0.1906	0.1948
August	0.1944	0.1814	0.1878
September	0.1922	0.1793	0.1856
October	0.2019	0.1928	0.1991
November	0.1995	0.1929	0.1962
December	0.2024	0.1953	0.1991