2022 PKR to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 PKR to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the PKR to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on February 6, valuing the pair at 22.9033. Conversely, the yearly low was recorded on September 23, dropping to 17.2977.
This high-to-low spread represents a total annual volatility of 5.6056 MGA. From a start-to-finish perspective, comparing the January average rate of 22.5428 to the December average rate of 19.6280, the exchange rate registered a net change of -12.93% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2022 high of 22.9033 was down 8.18% compared to the 2021 peak of 24.9451, 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 2022.
PKR to MGA 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 21.6418, compared to 19.0546 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.5872 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was July, with a trading range of 2.5595 MGA (High: 19.9784 / Low: 17.4190). On the other end, November was the most stable month, with a tight range of 0.2176 MGA (High: 19.4526 / Low: 19.2350).
Growth Streaks & Declines
TrendsBetween September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 1.0539 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2022: 22.7040) against the same month in 2021 (average: 23.6059), the exchange rate shifted by -0.9019 (-3.82%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 22.6976 | 22.2440 | 22.5428 |
| February | 22.9033 | 22.4570 | 22.7040 |
| March | 22.5365 | 22.0050 | 22.3385 |
| April | 22.2151 | 21.3419 | 21.7658 |
| May | 21.6903 | 19.8499 | 20.7118 |
| June | 20.4678 | 19.1929 | 19.7879 |
| July | 19.9784 | 17.4190 | 19.0644 |
| August | 19.4992 | 17.5320 | 18.9247 |
| September | 19.1537 | 17.2977 | 18.1483 |
| October | 19.5196 | 18.3998 | 19.1927 |
| November | 19.4526 | 19.2350 | 19.3695 |
| December | 19.7749 | 19.4698 | 19.6280 |