2023 PKR to SAR Historical Review

YEARLY HIGH

0.0166 SAR

YEARLY LOW

0.0122 SAR

YEARLY AVERAGE

0.0135 SAR

2023 PKR to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PKR to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0166. Conversely, the yearly low was recorded on September 5, dropping to 0.0122.

This high-to-low spread represents a total annual volatility of 0.0044 SAR. From a start-to-finish perspective, comparing the January average rate of 0.0161 to the December average rate of 0.0133, the exchange rate registered a net change of -17.41% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0166 was down 22.89% compared to the 2022 peak of 0.0215, 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 8,297 SAR

2022 Average 9,270 SAR

Yearly Trough Low 6,087 SAR

Transaction Impact: A difference of 2,209.33 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0165

0.0123

JanuMarcMayJulySeptNove

PKR to SAR 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 0.0138, compared to 0.0131 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) 0.0138

H2 Avg (Jul–Dec) 0.0131

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0026 SAR (High: 0.0166 / Low: 0.0140). On the other end, June was the most stable month, with a tight range of 0.0001 SAR (High: 0.0132 / Low: 0.0130).

January Spread (Volatile) ±0.0026

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 0.0020 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0020

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0161) against the same month in 2022 (average: 0.0213), the exchange rate shifted by -0.0052 (-24.24%).

2023 Avg (January) 0.0161

2022 Avg (January) 0.0213

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0166	0.0140	0.0161
February	0.0150	0.0136	0.0141
March	0.0143	0.0132	0.0134
April	0.0134	0.0130	0.0132
May	0.0132	0.0127	0.0131
June	0.0132	0.0130	0.0131
July	0.0138	0.0130	0.0133
August	0.0132	0.0123	0.0128
September	0.0130	0.0122	0.0126
October	0.0136	0.0130	0.0134
November	0.0135	0.0130	0.0132
December	0.0135	0.0132	0.0133