2023 PKR to IDR Historical Review

YEARLY HIGH

68.8057 IDR

YEARLY LOW

49.6826 IDR

YEARLY AVERAGE

54.7576 IDR

2023 PKR to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PKR to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 68.8057. Conversely, the yearly low was recorded on September 4, dropping to 49.6826.

This high-to-low spread represents a total annual volatility of 19.1231 IDR. From a start-to-finish perspective, comparing the January average rate of 65.3779 to the December average rate of 54.9005, the exchange rate registered a net change of -16.03% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 68.8057 was down 16.62% compared to the 2022 peak of 82.5158, 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 34,402,862 IDR

2022 Average 36,567,242 IDR

Yearly Trough Low 24,841,305 IDR

Transaction Impact: A difference of 9,561,556.93 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

66.7477

50.3101

JanuMarcMayJulySeptNove

PKR to IDR 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 55.6182, compared to 53.8971 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.7211 points.

H1 Avg (Jan–Jun) 55.6182

H2 Avg (Jul–Dec) 53.8971

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 12.8323 IDR (High: 68.8057 / Low: 55.9735). On the other end, June was the most stable month, with a tight range of 0.9258 IDR (High: 52.6132 / Low: 51.6874).

January Spread (Volatile) ±12.8323

June Spread (Stable) ±0.9258

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 8.2195 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -8.2195

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 65.3779) against the same month in 2022 (average: 81.1839), the exchange rate shifted by -15.8060 (-19.47%).

2023 Avg (January) 65.3779

2022 Avg (January) 81.1839

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	68.8057	55.9735	65.3779
February	60.2583	54.9782	57.1584
March	58.1841	52.7437	54.6200
April	53.5671	51.4319	52.4314
May	52.5862	49.9792	51.9685
June	52.6132	51.6874	52.1528
July	55.6649	52.2372	53.4956
August	53.7375	49.9607	52.0471
September	53.9475	49.6826	51.6799
October	57.7409	53.4706	56.4203
November	56.7578	53.4916	54.8392
December	55.4455	54.0368	54.9005