2023 PKR to MVR Historical Review

YEARLY HIGH

0.0679 MVR

YEARLY LOW

0.0500 MVR

YEARLY AVERAGE

0.0552 MVR

2023 PKR to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PKR to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0679. Conversely, the yearly low was recorded on September 5, dropping to 0.0500.

This high-to-low spread represents a total annual volatility of 0.0180 MVR. From a start-to-finish perspective, comparing the January average rate of 0.0660 to the December average rate of 0.0545, the exchange rate registered a net change of -17.36% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0679 was down 23.37% compared to the 2022 peak of 0.0887, 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 33,973 MVR

2022 Average 38,086 MVR

Yearly Trough Low 24,992 MVR

Transaction Impact: A difference of 8,980.96 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0674

0.0504

JanuMarcMayJulySeptNove

PKR to MVR 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 0.0567, compared to 0.0538 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0029 points.

H1 Avg (Jan–Jun) 0.0567

H2 Avg (Jul–Dec) 0.0538

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0106 MVR (High: 0.0679 / Low: 0.0573). On the other end, June was the most stable month, with a tight range of 0.0004 MVR (High: 0.0538 / Low: 0.0534).

January Spread (Volatile) ±0.0106

June Spread (Stable) ±0.0004

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 0.0081 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0081

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0660) against the same month in 2022 (average: 0.0875), the exchange rate shifted by -0.0215 (-24.62%).

2023 Avg (January) 0.0660

2022 Avg (January) 0.0875

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0679	0.0573	0.0660
February	0.0613	0.0557	0.0579
March	0.0586	0.0542	0.0549
April	0.0550	0.0532	0.0541
May	0.0542	0.0520	0.0537
June	0.0538	0.0534	0.0535
July	0.0565	0.0534	0.0546
August	0.0541	0.0505	0.0524
September	0.0538	0.0500	0.0518
October	0.0559	0.0531	0.0551
November	0.0552	0.0530	0.0541
December	0.0554	0.0539	0.0545