2023 PKR to MXN Historical Review

YEARLY HIGH

0.0860 MXN

YEARLY LOW

0.0550 MXN

YEARLY AVERAGE

0.0638 MXN

2023 PKR to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PKR to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0860. Conversely, the yearly low was recorded on August 30, dropping to 0.0550.

This high-to-low spread represents a total annual volatility of 0.0310 MXN. From a start-to-finish perspective, comparing the January average rate of 0.0813 to the December average rate of 0.0609, the exchange rate registered a net change of -25.15% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0860 was down 28.17% compared to the 2022 peak of 0.1198, 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 43,012 MXN

2022 Average 49,700 MXN

Yearly Trough Low 27,501 MXN

Transaction Impact: A difference of 15,510.94 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0837

0.0556

JanuMarcMayJulySeptNove

PKR to MXN 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 0.0672, compared to 0.0605 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0067 points.

H1 Avg (Jan–Jun) 0.0672

H2 Avg (Jul–Dec) 0.0605

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0157 MXN (High: 0.0860 / Low: 0.0703). On the other end, December was the most stable month, with a tight range of 0.0021 MXN (High: 0.0621 / Low: 0.0600).

January Spread (Volatile) ±0.0157

December Spread (Stable) ±0.0021

Growth Streaks & Declines

Trends

Between August and October, 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 0.0112 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0112

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0813) against the same month in 2022 (average: 0.1161), the exchange rate shifted by -0.0348 (-29.97%).

2023 Avg (January) 0.0813

2022 Avg (January) 0.1161

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0860	0.0703	0.0813
February	0.0758	0.0685	0.0701
March	0.0691	0.0635	0.0657
April	0.0648	0.0626	0.0637
May	0.0634	0.0595	0.0621
June	0.0615	0.0594	0.0602
July	0.0630	0.0583	0.0601
August	0.0606	0.0550	0.0579
September	0.0613	0.0558	0.0581
October	0.0663	0.0602	0.0648
November	0.0634	0.0597	0.0612
December	0.0621	0.0600	0.0609