2023 PKR to NGN Historical Review

YEARLY HIGH

3.2228 NGN

YEARLY LOW

1.5630 NGN

YEARLY AVERAGE

2.2609 NGN

2023 PKR to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PKR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 3.2228. Conversely, the yearly low was recorded on May 11, dropping to 1.5630.

This high-to-low spread represents a total annual volatility of 1.6598 NGN. From a start-to-finish perspective, comparing the January average rate of 1.9485 to the December average rate of 2.8730, the exchange rate registered a net change of 47.45% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 3.2228 was up 34.98% compared to the 2022 peak of 2.3876, 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 1,611,401 NGN

2022 Average 1,044,091 NGN

Yearly Trough Low 781,501 NGN

Transaction Impact: A difference of 829,899.97 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.9989

1.4890

JanuMarcMayJulySeptNove

PKR to NGN 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 1.7763, compared to 2.7454 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9692 points.

H1 Avg (Jan–Jun) 1.7763

H2 Avg (Jul–Dec) 2.7454

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 1.2631 NGN (High: 2.8726 / Low: 1.6095). On the other end, April was the most stable month, with a tight range of 0.0467 NGN (High: 1.6450 / Low: 1.5984).

June Spread (Volatile) ±1.2631

April Spread (Stable) ±0.0467

Growth Streaks & Declines

Trends

Between 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 January and February, when the average rate fell by 0.2135 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2135

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 2.8730) against the same month in 2022 (average: 1.9774), the exchange rate shifted by +0.8956 (+45.29%).

2023 Avg (December) 2.8730

2022 Avg (December) 1.9774

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0085	1.7162	1.9485
February	1.8474	1.6677	1.7350
March	1.7532	1.6221	1.6413
April	1.6450	1.5984	1.6262
May	1.6264	1.5630	1.6148
June	2.8726	1.6095	2.0918
July	2.8419	2.6525	2.7600
August	2.7203	2.5194	2.6165
September	2.7078	2.4533	2.6018
October	3.1605	2.6624	2.8024
November	2.8877	2.7458	2.8190
December	3.2228	2.7062	2.8730