2023 PKR to SZL Historical Review

YEARLY HIGH

0.0754 SZL

YEARLY LOW

0.0609 SZL

YEARLY AVERAGE

0.0662 SZL

2023 PKR to SZL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PKR to SZL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 0.0754. Conversely, the yearly low was recorded on August 29, dropping to 0.0609.

This high-to-low spread represents a total annual volatility of 0.0145 SZL. From a start-to-finish perspective, comparing the January average rate of 0.0733 to the December average rate of 0.0661, the exchange rate registered a net change of -9.88% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0754 was down 16.79% compared to the 2022 peak of 0.0906, 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 37,708 SZL

2022 Average 40,174 SZL

Yearly Trough Low 30,458 SZL

Transaction Impact: A difference of 7,249.17 SZL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0743

0.0627

JanuMarcMayJulySeptNove

PKR to SZL 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 0.0670, compared to 0.0653 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0016 points.

H1 Avg (Jan–Jun) 0.0670

H2 Avg (Jul–Dec) 0.0653

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0104 SZL (High: 0.0754 / Low: 0.0651). On the other end, December was the most stable month, with a tight range of 0.0026 SZL (High: 0.0673 / Low: 0.0647).

January Spread (Volatile) ±0.0104

December Spread (Stable) ±0.0026

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 0.0058 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0058

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0733) against the same month in 2022 (average: 0.0877), the exchange rate shifted by -0.0143 (-16.37%).

2023 Avg (January) 0.0733

2022 Avg (January) 0.0877

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0754	0.0651	0.0733
February	0.0715	0.0632	0.0675
March	0.0695	0.0627	0.0652
April	0.0653	0.0621	0.0639
May	0.0692	0.0642	0.0667
June	0.0693	0.0633	0.0653
July	0.0696	0.0612	0.0647
August	0.0669	0.0609	0.0640
September	0.0663	0.0611	0.0637
October	0.0694	0.0653	0.0683
November	0.0669	0.0630	0.0652
December	0.0673	0.0647	0.0661