2023 PKR to MDL Historical Review

YEARLY HIGH

0.0845 MDL

YEARLY LOW

0.0577 MDL

YEARLY AVERAGE

0.0651 MDL

2023 PKR to MDL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PKR to MDL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 0.0845. Conversely, the yearly low was recorded on September 5, dropping to 0.0577.

This high-to-low spread represents a total annual volatility of 0.0268 MDL. From a start-to-finish perspective, comparing the January average rate of 0.0814 to the December average rate of 0.0624, the exchange rate registered a net change of -23.35% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0845 was down 18.01% compared to the 2022 peak of 0.1031, 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 42,267 MDL

2022 Average 46,462 MDL

Yearly Trough Low 28,859 MDL

Transaction Impact: A difference of 13,408.75 MDL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0836

0.0581

JanuMarcMayJulySeptNove

PKR to MDL 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 0.0678, compared to 0.0624 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0054 points.

H1 Avg (Jan–Jun) 0.0678

H2 Avg (Jul–Dec) 0.0624

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0146 MDL (High: 0.0845 / Low: 0.0699). On the other end, April was the most stable month, with a tight range of 0.0021 MDL (High: 0.0646 / Low: 0.0626).

January Spread (Volatile) ±0.0146

April Spread (Stable) ±0.0021

Growth Streaks & Declines

Trends

Between May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0107 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0107

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0814) against the same month in 2022 (average: 0.1015), the exchange rate shifted by -0.0201 (-19.76%).

2023 Avg (January) 0.0814

2022 Avg (January) 0.1015

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0845	0.0699	0.0814
February	0.0753	0.0679	0.0707
March	0.0720	0.0645	0.0664
April	0.0646	0.0626	0.0636
May	0.0633	0.0600	0.0622
June	0.0639	0.0617	0.0625
July	0.0671	0.0604	0.0636
August	0.0621	0.0584	0.0603
September	0.0632	0.0577	0.0604
October	0.0662	0.0632	0.0649
November	0.0648	0.0616	0.0628
December	0.0634	0.0613	0.0624