2023 PKR to IRR Historical Review

YEARLY HIGH

184.6453 IRR

YEARLY LOW

137.2126 IRR

YEARLY AVERAGE

151.6534 IRR

2023 PKR to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PKR to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 184.6453. Conversely, the yearly low was recorded on September 5, dropping to 137.2126.

This high-to-low spread represents a total annual volatility of 47.4327 IRR. From a start-to-finish perspective, comparing the January average rate of 179.7655 to the December average rate of 149.7445, the exchange rate registered a net change of -16.70% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 184.6453 was down 23.87% compared to the 2022 peak of 242.5477, 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 92,322,648 IRR

2022 Average 104,369,402 IRR

Yearly Trough Low 68,606,304 IRR

Transaction Impact: A difference of 23,716,344.77 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

183.5414

138.2303

JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 155.6473, compared to 147.6595 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 7.9878 points.

H1 Avg (Jan–Jun) 155.6473

H2 Avg (Jul–Dec) 147.6595

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 27.1478 IRR (High: 184.6453 / Low: 157.4975). On the other end, June was the most stable month, with a tight range of 1.3933 IRR (High: 148.3245 / Low: 146.9312).

January Spread (Volatile) ±27.1478

June Spread (Stable) ±1.3933

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 20.6518 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -20.6518

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 179.7655) against the same month in 2022 (average: 239.3773), the exchange rate shifted by -59.6118 (-24.90%).

2023 Avg (January) 179.7655

2022 Avg (January) 239.3773

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	184.6453	157.4975	179.7655
February	168.4617	153.0598	159.1137
March	161.2023	147.0562	150.5418
April	151.4859	146.4015	148.9875
May	149.1870	142.9055	147.9711
June	148.3245	146.9312	147.5045
July	155.2091	146.5930	150.0628
August	149.2331	138.6623	144.1478
September	146.8879	137.2126	142.0062
October	153.6364	146.1270	151.2443
November	151.7247	146.5667	148.7514
December	151.5473	148.1287	149.7445