2023 PKR to ZAR Historical Review

YEARLY HIGH

0.0756 ZAR

YEARLY LOW

0.0608 ZAR

YEARLY AVERAGE

0.0662 ZAR

2023 PKR to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PKR to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.0756. Conversely, the yearly low was recorded on August 29, dropping to 0.0608.

This high-to-low spread represents a total annual volatility of 0.0148 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.0732 to the December average rate of 0.0659, the exchange rate registered a net change of -9.91% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0756 was down 16.74% compared to the 2022 peak of 0.0908, 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 37,788 ZAR

2022 Average 40,196 ZAR

Yearly Trough Low 30,382 ZAR

Transaction Impact: A difference of 7,406.31 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0741

0.0628

JanuMarcMayJulySeptNove

PKR to ZAR 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 0.0017 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 0.0106 ZAR (High: 0.0756 / Low: 0.0649). On the other end, December was the most stable month, with a tight range of 0.0026 ZAR (High: 0.0672 / Low: 0.0646).

January Spread (Volatile) ±0.0106

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 0.0056 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0056

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0732) against the same month in 2022 (average: 0.0878), the exchange rate shifted by -0.0146 (-16.64%).

2023 Avg (January) 0.0732

2022 Avg (January) 0.0878

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0756	0.0649	0.0732
February	0.0715	0.0632	0.0676
March	0.0692	0.0627	0.0652
April	0.0652	0.0624	0.0640
May	0.0692	0.0645	0.0669
June	0.0688	0.0633	0.0654
July	0.0700	0.0613	0.0647
August	0.0667	0.0608	0.0640
September	0.0665	0.0615	0.0637
October	0.0696	0.0654	0.0681
November	0.0669	0.0631	0.0653
December	0.0672	0.0646	0.0659