2023 PKR to HKD Historical Review

YEARLY HIGH

0.0344 HKD

YEARLY LOW

0.0255 HKD

YEARLY AVERAGE

0.0281 HKD

2023 PKR to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PKR to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.0344. Conversely, the yearly low was recorded on September 5, dropping to 0.0255.

This high-to-low spread represents a total annual volatility of 0.0090 HKD. From a start-to-finish perspective, comparing the January average rate of 0.0335 to the December average rate of 0.0277, the exchange rate registered a net change of -17.40% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0344 was down 22.97% compared to the 2022 peak of 0.0447, 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 17,216 HKD

2022 Average 19,332 HKD

Yearly Trough Low 12,726 HKD

Transaction Impact: A difference of 4,490.71 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0342

0.0256

JanuMarcMayJulySeptNove

PKR to HKD 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 0.0289, compared to 0.0273 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0016 points.

H1 Avg (Jan–Jun) 0.0289

H2 Avg (Jul–Dec) 0.0273

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0052 HKD (High: 0.0344 / Low: 0.0293). On the other end, June was the most stable month, with a tight range of 0.0003 HKD (High: 0.0275 / Low: 0.0272).

January Spread (Volatile) ±0.0052

June Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

No 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 0.0040 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0040

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0335) against the same month in 2022 (average: 0.0441), the exchange rate shifted by -0.0106 (-24.04%).

2023 Avg (January) 0.0335

2022 Avg (January) 0.0441

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0344	0.0293	0.0335
February	0.0313	0.0285	0.0296
March	0.0299	0.0277	0.0280
April	0.0281	0.0272	0.0277
May	0.0277	0.0265	0.0274
June	0.0275	0.0272	0.0273
July	0.0287	0.0272	0.0278
August	0.0275	0.0258	0.0267
September	0.0272	0.0255	0.0263
October	0.0285	0.0271	0.0280
November	0.0281	0.0270	0.0275
December	0.0281	0.0274	0.0277