2023 SCR to PKR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SCR to PKR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SCR to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 6, valuing the pair at 23.8514. Conversely, the yearly low was recorded on January 18, dropping to 16.2015.
This high-to-low spread represents a total annual volatility of 7.6499 PKR. From a start-to-finish perspective, comparing the January average rate of 17.2613 to the December average rate of 21.0001, the exchange rate registered a net change of 21.66% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 23.8514 was up 27.73% compared to the 2022 peak of 18.6733, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SCR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SCR to PKR Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 20.1300, compared to 21.4883 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.3583 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 4.1676 PKR (High: 20.3691 / Low: 16.2015). On the other end, November was the most stable month, with a tight range of 1.5189 PKR (High: 21.9083 / Low: 20.3895).
Growth Streaks & Declines
TrendsBetween January and May, 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 September and October, when the average rate fell by 1.6937 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2023: 22.6638) against the same month in 2022 (average: 17.1991), the exchange rate shifted by +5.4648 (+31.77%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 20.3691 | 16.2015 | 17.2613 |
| February | 20.7742 | 18.5647 | 19.5944 |
| March | 21.8083 | 19.2439 | 20.8278 |
| April | 21.9863 | 20.1717 | 21.0025 |
| May | 22.3453 | 20.3069 | 21.1713 |
| June | 21.8236 | 20.1614 | 20.9225 |
| July | 21.8953 | 19.5252 | 21.0772 |
| August | 23.0647 | 21.0881 | 21.9469 |
| September | 23.8514 | 21.3291 | 22.6638 |
| October | 21.9848 | 20.0914 | 20.9701 |
| November | 21.9083 | 20.3895 | 21.2714 |
| December | 22.0085 | 19.9937 | 21.0001 |