2023 PKR to JMD Historical Review

YEARLY HIGH

0.6714 JMD

YEARLY LOW

0.5011 JMD

YEARLY AVERAGE

0.5534 JMD

2023 PKR to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PKR to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 0.6714. Conversely, the yearly low was recorded on September 5, dropping to 0.5011.

This high-to-low spread represents a total annual volatility of 0.1703 JMD. From a start-to-finish perspective, comparing the January average rate of 0.6553 to the December average rate of 0.5507, the exchange rate registered a net change of -15.96% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6714 was down 25.44% compared to the 2022 peak of 0.9005, 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 335,703 JMD

2022 Average 379,098 JMD

Yearly Trough Low 250,549 JMD

Transaction Impact: A difference of 85,153.85 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6689

0.5058

JanuMarcMayJulySeptNove

PKR to JMD 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 0.5657, compared to 0.5411 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0245 points.

H1 Avg (Jan–Jun) 0.5657

H2 Avg (Jul–Dec) 0.5411

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0973 JMD (High: 0.6714 / Low: 0.5741). On the other end, June was the most stable month, with a tight range of 0.0066 JMD (High: 0.5419 / Low: 0.5353).

January Spread (Volatile) ±0.0973

June Spread (Stable) ±0.0066

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 0.0740 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0740

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.6553) against the same month in 2022 (average: 0.8777), the exchange rate shifted by -0.2224 (-25.34%).

2023 Avg (January) 0.6553

2022 Avg (January) 0.8777

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6714	0.5741	0.6553
February	0.6225	0.5594	0.5813
March	0.5842	0.5308	0.5424
April	0.5465	0.5252	0.5364
May	0.5437	0.5224	0.5394
June	0.5419	0.5353	0.5391
July	0.5655	0.5368	0.5479
August	0.5456	0.5078	0.5271
September	0.5392	0.5011	0.5194
October	0.5637	0.5374	0.5547
November	0.5558	0.5402	0.5468
December	0.5561	0.5420	0.5507