2023 PKR to QAR Historical Review

YEARLY HIGH

0.0161 QAR

YEARLY LOW

0.0118 QAR

YEARLY AVERAGE

0.0131 QAR

2023 PKR to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PKR to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 0.0161. Conversely, the yearly low was recorded on September 5, dropping to 0.0118.

This high-to-low spread represents a total annual volatility of 0.0043 QAR. From a start-to-finish perspective, comparing the January average rate of 0.0156 to the December average rate of 0.0129, the exchange rate registered a net change of -17.27% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0161 was down 22.95% compared to the 2022 peak of 0.0209, 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 8,059 QAR

2022 Average 8,996 QAR

Yearly Trough Low 5,912 QAR

Transaction Impact: A difference of 2,146.95 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0160

0.0119

JanuMarcMayJulySeptNove

PKR to QAR 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 0.0134, compared to 0.0127 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.0134

H2 Avg (Jul–Dec) 0.0127

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0024 QAR (High: 0.0161 / Low: 0.0137). On the other end, June was the most stable month, with a tight range of 0.0001 QAR (High: 0.0128 / Low: 0.0127).

January Spread (Volatile) ±0.0024

June Spread (Stable) ±0.0001

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 0.0019 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0019

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0156) against the same month in 2022 (average: 0.0206), the exchange rate shifted by -0.0050 (-24.25%).

2023 Avg (January) 0.0156

2022 Avg (January) 0.0206

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0161	0.0137	0.0156
February	0.0147	0.0132	0.0137
March	0.0139	0.0128	0.0130
April	0.0130	0.0126	0.0129
May	0.0128	0.0123	0.0127
June	0.0128	0.0127	0.0127
July	0.0134	0.0127	0.0129
August	0.0129	0.0120	0.0124
September	0.0127	0.0118	0.0122
October	0.0132	0.0126	0.0130
November	0.0130	0.0126	0.0128
December	0.0131	0.0128	0.0129