2023 PKR to MNT Historical Review

YEARLY HIGH

15.0318 MNT

YEARLY LOW

11.1977 MNT

YEARLY AVERAGE

12.4319 MNT

2023 PKR to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PKR to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 15.0318. Conversely, the yearly low was recorded on September 5, dropping to 11.1977.

This high-to-low spread represents a total annual volatility of 3.8341 MNT. From a start-to-finish perspective, comparing the January average rate of 14.6067 to the December average rate of 12.2334, the exchange rate registered a net change of -16.25% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 15.0318 was down 9.60% compared to the 2022 peak of 16.6276, 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 7,515,891 MNT

2022 Average 7,670,250 MNT

Yearly Trough Low 5,598,859 MNT

Transaction Impact: A difference of 1,917,032.82 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

14.9078

11.2940

JanuMarcMayJulySeptNove

PKR to MNT 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 12.7712, compared to 12.0926 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6786 points.

H1 Avg (Jan–Jun) 12.7712

H2 Avg (Jul–Dec) 12.0926

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 2.3179 MNT (High: 15.0318 / Low: 12.7139). On the other end, June was the most stable month, with a tight range of 0.1058 MNT (High: 12.3437 / Low: 12.2379).

January Spread (Volatile) ±2.3179

June Spread (Stable) ±0.1058

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 1.7664 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -1.7664

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 14.6067) against the same month in 2022 (average: 16.2018), the exchange rate shifted by -1.5951 (-9.85%).

2023 Avg (January) 14.6067

2022 Avg (January) 16.2018

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	15.0318	12.7139	14.6067
February	13.6006	12.3571	12.8402
March	12.9991	12.0091	12.1769
April	12.6098	12.1938	12.4067
May	12.4184	11.9026	12.3182
June	12.3437	12.2379	12.2786
July	12.9197	12.0348	12.4694
August	12.1679	11.3227	11.7624
September	11.9944	11.1977	11.5952
October	12.5455	11.9358	12.3501
November	12.3923	11.9646	12.1449
December	12.4004	12.0957	12.2334