2023 PKR to NPR Historical Review

YEARLY HIGH

0.5847 NPR

YEARLY LOW

0.4318 NPR

YEARLY AVERAGE

0.4744 NPR

2023 PKR to NPR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PKR to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.5847. Conversely, the yearly low was recorded on September 4, dropping to 0.4318.

This high-to-low spread represents a total annual volatility of 0.1529 NPR. From a start-to-finish perspective, comparing the January average rate of 0.5613 to the December average rate of 0.4727, the exchange rate registered a net change of -15.79% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5847 was down 15.31% compared to the 2022 peak of 0.6905, 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 292,370 NPR

2022 Average 309,418 NPR

Yearly Trough Low 215,898 NPR

Transaction Impact: A difference of 76,471.25 NPR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5728

0.4349

JanuMarcMayJulySeptNove

PKR to NPR 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 0.4851, compared to 0.4637 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0214 points.

H1 Avg (Jan–Jun) 0.4851

H2 Avg (Jul–Dec) 0.4637

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0952 NPR (High: 0.5847 / Low: 0.4896). On the other end, June was the most stable month, with a tight range of 0.0083 NPR (High: 0.4637 / Low: 0.4554).

January Spread (Volatile) ±0.0952

June Spread (Stable) ±0.0083

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 0.0633 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0633

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.5613) against the same month in 2022 (average: 0.6744), the exchange rate shifted by -0.1131 (-16.77%).

2023 Avg (January) 0.5613

2022 Avg (January) 0.6744

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5847	0.4896	0.5613
February	0.5275	0.4798	0.4981
March	0.5036	0.4625	0.4696
April	0.4697	0.4541	0.4620
May	0.4636	0.4442	0.4608
June	0.4637	0.4554	0.4588
July	0.4841	0.4550	0.4666
August	0.4674	0.4346	0.4517
September	0.4629	0.4318	0.4464
October	0.4835	0.4607	0.4762
November	0.4790	0.4615	0.4686
December	0.4784	0.4673	0.4727