2023 PKR to XAF Historical Review

YEARLY HIGH

2.7453 XAF

YEARLY LOW

1.9697 XAF

YEARLY AVERAGE

2.1782 XAF

2023 PKR to XAF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PKR to XAF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 2.7453. Conversely, the yearly low was recorded on August 30, dropping to 1.9697.

This high-to-low spread represents a total annual volatility of 0.7755 XAF. From a start-to-finish perspective, comparing the January average rate of 2.6076 to the December average rate of 2.1294, the exchange rate registered a net change of -18.34% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.7453 was down 19.09% compared to the 2022 peak of 3.3929, 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 1,372,636 XAF

2022 Average 1,533,967 XAF

Yearly Trough Low 984,863 XAF

Transaction Impact: A difference of 387,772.97 XAF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.6634

1.9939

JanuMarcMayJulySeptNove

PKR to XAF 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 2.2383, compared to 2.1180 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1203 points.

H1 Avg (Jan–Jun) 2.2383

H2 Avg (Jul–Dec) 2.1180

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.4914 XAF (High: 2.7453 / Low: 2.2539). On the other end, December was the most stable month, with a tight range of 0.0587 XAF (High: 2.1528 / Low: 2.0941).

January Spread (Volatile) ±0.4914

December Spread (Stable) ±0.0587

Growth Streaks & Declines

Trends

Between April and June, 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 0.2973 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2973

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.6076) against the same month in 2022 (average: 3.2820), the exchange rate shifted by -0.6744 (-20.55%).

2023 Avg (January) 2.6076

2022 Avg (January) 3.2820

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.7453	2.2539	2.6076
February	2.4270	2.2171	2.3103
March	2.3459	2.1204	2.1860
April	2.1463	2.0681	2.1046
May	2.1490	2.0281	2.1107
June	2.1443	2.0805	2.1108
July	2.1953	2.0569	2.1073
August	2.1023	1.9697	2.0497
September	2.1626	1.9823	2.0649
October	2.2523	2.1482	2.2224
November	2.2107	2.0838	2.1343
December	2.1528	2.0941	2.1294