2023 PKR to TRY Historical Review

YEARLY HIGH

0.1059 TRY

YEARLY LOW

0.0662 TRY

YEARLY AVERAGE

0.0850 TRY

2023 PKR to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PKR to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 0.1059. Conversely, the yearly low was recorded on May 11, dropping to 0.0662.

This high-to-low spread represents a total annual volatility of 0.0398 TRY. From a start-to-finish perspective, comparing the January average rate of 0.0805 to the December average rate of 0.1032, the exchange rate registered a net change of 28.16% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1059 was up 23.37% compared to the 2022 peak of 0.0859, 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 52,973 TRY

2022 Average 40,449 TRY

Yearly Trough Low 33,098 TRY

Transaction Impact: A difference of 19,875.53 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1067

0.0643

JanuMarcMayJulySeptNove

PKR to TRY 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 0.0733, compared to 0.0968 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0235 points.

H1 Avg (Jan–Jun) 0.0733

H2 Avg (Jul–Dec) 0.0968

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0180 TRY (High: 0.0911 / Low: 0.0731). On the other end, April was the most stable month, with a tight range of 0.0028 TRY (High: 0.0695 / Low: 0.0667).

June Spread (Volatile) ±0.0180

April Spread (Stable) ±0.0028

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0095 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0095

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.1032) against the same month in 2022 (average: 0.0828), the exchange rate shifted by +0.0204 (+24.61%).

2023 Avg (December) 0.1032

2022 Avg (December) 0.0828

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0827	0.0702	0.0805
February	0.0752	0.0683	0.0710
March	0.0721	0.0671	0.0678
April	0.0695	0.0667	0.0682
May	0.0727	0.0662	0.0692
June	0.0911	0.0731	0.0827
July	0.0958	0.0904	0.0940
August	0.0952	0.0864	0.0918
September	0.0955	0.0869	0.0908
October	0.1022	0.0951	0.0998
November	0.1027	0.0993	0.1009
December	0.1059	0.1013	0.1032