2023 PKR to SGD Historical Review

YEARLY HIGH

0.0059 SGD

YEARLY LOW

0.0044 SGD

YEARLY AVERAGE

0.0048 SGD

2023 PKR to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PKR to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.0059. Conversely, the yearly low was recorded on September 5, dropping to 0.0044.

This high-to-low spread represents a total annual volatility of 0.0015 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0057 to the December average rate of 0.0047, the exchange rate registered a net change of -16.89% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0059 was down 23.22% compared to the 2022 peak of 0.0077, 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 2,965 SGD

2022 Average 3,400 SGD

Yearly Trough Low 2,209 SGD

Transaction Impact: A difference of 756.12 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0058

0.0045

JanuMarcMayJulySeptNove

PKR to SGD 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 0.0049, compared to 0.0047 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0049

H2 Avg (Jul–Dec) 0.0047

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0010 SGD (High: 0.0059 / Low: 0.0049). On the other end, December was the most stable month, with a tight range of 0.0001 SGD (High: 0.0048 / Low: 0.0047).

January Spread (Volatile) ±0.0010

December Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between May and July, 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 0.0007 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0057) against the same month in 2022 (average: 0.0077), the exchange rate shifted by -0.0020 (-25.75%).

2023 Avg (January) 0.0057

2022 Avg (January) 0.0077

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0059	0.0049	0.0057
February	0.0053	0.0048	0.0050
March	0.0051	0.0047	0.0048
April	0.0048	0.0046	0.0047
May	0.0047	0.0045	0.0047
June	0.0047	0.0047	0.0047
July	0.0050	0.0046	0.0047
August	0.0047	0.0044	0.0046
September	0.0048	0.0044	0.0046
October	0.0050	0.0047	0.0049
November	0.0049	0.0047	0.0047
December	0.0048	0.0047	0.0047