2021 PKR to IRR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 PKR to IRR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the PKR to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 9, valuing the pair at 278.4773. Conversely, the yearly low was recorded on December 19, dropping to 235.7940.
This high-to-low spread represents a total annual volatility of 42.6833 IRR. From a start-to-finish perspective, comparing the January average rate of 262.2000 to the December average rate of 238.0394, the exchange rate registered a net change of -9.21% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2021 high of 278.4773 was down 29.74% compared to the 2020 peak of 396.3637, indicating shifts in long-term support levels.
Comparing the value generated converting 500,000 PKR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2021.
PKR to IRR Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 269.1580, compared to 249.5403 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 19.6177 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was November, with a trading range of 9.7844 IRR (High: 249.1693 / Low: 239.3849). On the other end, January was the most stable month, with a tight range of 1.6485 IRR (High: 262.9774 / Low: 261.3289).
Growth Streaks & Declines
TrendsBetween January and April, 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 7.3846 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2021: 274.7161) against the same month in 2020 (average: 262.6216), the exchange rate shifted by +12.0945 (+4.61%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 262.9774 | 261.3289 | 262.2000 |
| February | 266.9022 | 262.3872 | 264.1732 |
| March | 275.8445 | 266.5016 | 269.7165 |
| April | 276.0107 | 272.7891 | 274.9015 |
| May | 278.4773 | 271.1977 | 274.7161 |
| June | 272.7508 | 266.0413 | 269.2407 |
| July | 268.0672 | 259.2733 | 263.3785 |
| August | 259.2733 | 253.0815 | 255.9939 |
| September | 252.5380 | 247.0680 | 250.5194 |
| October | 247.4780 | 241.2580 | 245.5435 |
| November | 249.1693 | 239.3849 | 243.7671 |
| December | 241.1621 | 235.7940 | 238.0394 |