2023 RSD to PKR Historical Review

YEARLY HIGH

2.8397 PKR

YEARLY LOW

2.0363 PKR

YEARLY AVERAGE

2.5787 PKR

2023 RSD to PKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RSD to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 2.8397. Conversely, the yearly low was recorded on January 5, dropping to 2.0363.

This high-to-low spread represents a total annual volatility of 0.8034 PKR. From a start-to-finish perspective, comparing the January average rate of 2.1487 to the December average rate of 2.6276, the exchange rate registered a net change of 22.29% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.8397 was up 35.89% compared to the 2022 peak of 2.0896, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 RSD based on timing:

Yearly Peak High 14,198 PKR

2022 Average 9,144 PKR

Yearly Trough Low 10,181 PKR

Transaction Impact: A difference of 4,017.11 PKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.7879

2.0906

JanuMarcMayJulySeptNove

RSD to PKR 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 2.5135, compared to 2.6439 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1304 points.

H1 Avg (Jan–Jun) 2.5135

H2 Avg (Jul–Dec) 2.6439

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.4439 PKR (High: 2.4802 / Low: 2.0363). On the other end, December was the most stable month, with a tight range of 0.0761 PKR (High: 2.6734 / Low: 2.5972).

January Spread (Volatile) ±0.4439

December Spread (Stable) ±0.0761

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.1933 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1933

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 2.7298) against the same month in 2022 (average: 1.9045), the exchange rate shifted by +0.8253 (+43.33%).

2023 Avg (August) 2.7298

2022 Avg (August) 1.9045

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4802	2.0363	2.1487
February	2.5220	2.3097	2.4215
March	2.6369	2.3855	2.5592
April	2.7046	2.6189	2.6534
May	2.7515	2.6031	2.6474
June	2.6881	2.6100	2.6509
July	2.7218	2.5495	2.6563
August	2.8397	2.6607	2.7298
September	2.8217	2.5859	2.7106
October	2.6081	2.4853	2.5173
November	2.6807	2.5321	2.6220
December	2.6734	2.5972	2.6276