2023 PKR to LAK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 PKR to LAK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the PKR to LAK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 76.5097. Conversely, the yearly low was recorded on May 11, dropping to 59.3017.
This high-to-low spread represents a total annual volatility of 17.2080 LAK. From a start-to-finish perspective, comparing the January average rate of 72.8554 to the December average rate of 73.2386, the exchange rate registered a net change of 0.53% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 76.5097 was down 7.44% compared to the 2022 peak of 82.6611, 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 2023.
PKR to LAK 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 63.7871, compared to 70.1576 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.3705 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 13.6587 LAK (High: 76.5097 / Low: 62.8510). On the other end, December was the most stable month, with a tight range of 1.2479 LAK (High: 73.8222 / Low: 72.5743).
Growth Streaks & Declines
TrendsBetween March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 9.2575 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 72.8554) against the same month in 2022 (average: 63.8912), the exchange rate shifted by +8.9642 (+14.03%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 76.5097 | 62.8510 | 72.8554 |
| February | 67.8558 | 61.2405 | 63.5978 |
| March | 64.5000 | 59.6452 | 60.2513 |
| April | 61.2468 | 59.3507 | 60.4457 |
| May | 62.2217 | 59.3017 | 61.4386 |
| June | 66.2027 | 62.1544 | 64.1336 |
| July | 69.9579 | 65.4625 | 67.8714 |
| August | 68.5554 | 64.4826 | 66.2792 |
| September | 70.7682 | 64.0098 | 66.9832 |
| October | 75.1559 | 70.6031 | 73.7383 |
| November | 73.9474 | 71.8745 | 72.8348 |
| December | 73.8222 | 72.5743 | 73.2386 |