2023 PKR to TOP Historical Review

YEARLY HIGH

0.0104 TOP

YEARLY LOW

0.0077 TOP

YEARLY AVERAGE

0.0085 TOP

2023 PKR to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PKR to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 0.0104. Conversely, the yearly low was recorded on September 5, dropping to 0.0077.

This high-to-low spread represents a total annual volatility of 0.0026 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0100 to the December average rate of 0.0083, the exchange rate registered a net change of -16.59% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0104 was down 20.29% compared to the 2022 peak of 0.0130, 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 5,184 TOP

2022 Average 5,744 TOP

Yearly Trough Low 3,875 TOP

Transaction Impact: A difference of 1,309.31 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0102

0.0078

JanuMarcMayJulySeptNove

PKR to TOP 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 0.0087, compared to 0.0083 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0087

H2 Avg (Jul–Dec) 0.0083

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0017 TOP (High: 0.0104 / Low: 0.0086). On the other end, December was the most stable month, with a tight range of 0.0001 TOP (High: 0.0084 / Low: 0.0083).

January Spread (Volatile) ±0.0017

December 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 0.0012 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0100) against the same month in 2022 (average: 0.0129), the exchange rate shifted by -0.0029 (-22.50%).

2023 Avg (January) 0.0100

2022 Avg (January) 0.0129

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0104	0.0086	0.0100
February	0.0092	0.0085	0.0088
March	0.0090	0.0083	0.0084
April	0.0085	0.0081	0.0083
May	0.0083	0.0079	0.0083
June	0.0084	0.0081	0.0082
July	0.0087	0.0082	0.0083
August	0.0084	0.0078	0.0081
September	0.0083	0.0077	0.0080
October	0.0087	0.0083	0.0086
November	0.0086	0.0082	0.0084
December	0.0084	0.0083	0.0083