2023 PKR to SLL Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 PKR to SLL Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the PKR to SLL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 77.9393. Conversely, the yearly low was recorded on May 12, dropping to 59.7497.
This high-to-low spread represents a total annual volatility of 18.1896 SLL. From a start-to-finish perspective, comparing the January average rate of 75.7350 to the December average rate of 74.3563, the exchange rate registered a net change of -1.82% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 77.9393 was down 3.05% compared to the 2022 peak of 80.3883, indicating shifts in long-term support levels.
Comparing the value generated converting 500,000 PKR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
PKR to SLL Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 65.1892, compared to 71.5753 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.3861 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 12.0973 SLL (High: 73.4975 / Low: 61.4002). On the other end, June was the most stable month, with a tight range of 0.5310 SLL (High: 61.9639 / Low: 61.4329).
Growth Streaks & Declines
TrendsBetween June and August, 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 9.1590 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 75.7350) against the same month in 2022 (average: 64.2892), the exchange rate shifted by +11.4458 (+17.80%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 77.9393 | 65.9209 | 75.7350 |
| February | 70.5184 | 64.0711 | 66.5761 |
| March | 67.3997 | 62.2445 | 63.0706 |
| April | 63.2998 | 61.2114 | 62.2804 |
| May | 62.3392 | 59.7497 | 61.8360 |
| June | 61.9639 | 61.4329 | 61.6373 |
| July | 73.4975 | 61.4002 | 64.2423 |
| August | 73.9579 | 68.8208 | 71.4929 |
| September | 72.9033 | 68.0610 | 70.4768 |
| October | 76.2528 | 72.5472 | 75.0654 |
| November | 75.3217 | 72.7224 | 73.8181 |
| December | 75.3708 | 73.5192 | 74.3563 |