2023 PKR to GMD Historical Review

YEARLY HIGH

0.2734 GMD

YEARLY LOW

0.1962 GMD

YEARLY AVERAGE

0.2238 GMD

2023 PKR to GMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PKR to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.2734. Conversely, the yearly low was recorded on September 5, dropping to 0.1962.

This high-to-low spread represents a total annual volatility of 0.0772 GMD. From a start-to-finish perspective, comparing the January average rate of 0.2659 to the December average rate of 0.2388, the exchange rate registered a net change of -10.20% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2734 was down 10.10% compared to the 2022 peak of 0.3041, 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 136,709 GMD

2022 Average 136,323 GMD

Yearly Trough Low 98,102 GMD

Transaction Impact: A difference of 38,607.12 GMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2719

0.2006

JanuMarcMayJulySeptNove

PKR to GMD 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 0.2250, compared to 0.2226 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0025 points.

H1 Avg (Jan–Jun) 0.2250

H2 Avg (Jul–Dec) 0.2226

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0428 GMD (High: 0.2734 / Low: 0.2306). On the other end, June was the most stable month, with a tight range of 0.0027 GMD (High: 0.2089 / Low: 0.2062).

January Spread (Volatile) ±0.0428

June Spread (Stable) ±0.0027

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0357 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0357

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.2659) against the same month in 2022 (average: 0.2991), the exchange rate shifted by -0.0332 (-11.08%).

2023 Avg (January) 0.2659

2022 Avg (January) 0.2991

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2734	0.2306	0.2659
February	0.2441	0.2214	0.2303
March	0.2329	0.2160	0.2192
April	0.2224	0.2113	0.2181
May	0.2123	0.2023	0.2092
June	0.2089	0.2062	0.2075
July	0.2189	0.2072	0.2119
August	0.2130	0.1996	0.2065
September	0.2260	0.1962	0.2079
October	0.2386	0.2227	0.2349
November	0.2394	0.2302	0.2355
December	0.2420	0.2360	0.2388