2023 PKR to LKR Historical Review

YEARLY HIGH

1.6216 LKR

YEARLY LOW

1.0162 LKR

YEARLY AVERAGE

1.1839 LKR

2023 PKR to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PKR to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 1.6216. Conversely, the yearly low was recorded on June 3, dropping to 1.0162.

This high-to-low spread represents a total annual volatility of 0.6053 LKR. From a start-to-finish perspective, comparing the January average rate of 1.5680 to the December average rate of 1.1586, the exchange rate registered a net change of -26.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.6216 was down 16.49% compared to the 2022 peak of 1.9417, 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 810,784 LKR

2022 Average 787,033 LKR

Yearly Trough Low 508,109 LKR

Transaction Impact: A difference of 302,674.92 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.6192

1.0048

JanuMarcMayJulySeptNove

PKR to LKR 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 1.2357, compared to 1.1322 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1035 points.

H1 Avg (Jan–Jun) 1.2357

H2 Avg (Jul–Dec) 1.1322

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.2502 LKR (High: 1.6216 / Low: 1.3713). On the other end, December was the most stable month, with a tight range of 0.0212 LKR (High: 1.1690 / Low: 1.1477).

January Spread (Volatile) ±0.2502

December Spread (Stable) ±0.0212

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 0.1921 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.1921

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.5680) against the same month in 2022 (average: 1.1472), the exchange rate shifted by +0.4207 (+36.67%).

2023 Avg (January) 1.5680

2022 Avg (January) 1.1472

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6216	1.3713	1.5680
February	1.4706	1.3253	1.3759
March	1.3658	1.1313	1.1944
April	1.1630	1.1077	1.1351
May	1.1286	1.0299	1.0847
June	1.1225	1.0162	1.0560
July	1.1697	1.0703	1.1341
August	1.1419	1.0560	1.0969
September	1.1281	1.0443	1.0863
October	1.1830	1.1242	1.1633
November	1.1721	1.1382	1.1538
December	1.1690	1.1477	1.1586