YEARLY HIGH
2.0873 PKR
YEARLY LOW
1.5101 PKR
YEARLY AVERAGE
1.9612 PKR

2021 AFN to PKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the AFN to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 16, valuing the pair at 2.0873. Conversely, the yearly low was recorded on December 15, dropping to 1.5101.

This high-to-low spread represents a total annual volatility of 0.5771 PKR. From a start-to-finish perspective, comparing the January average rate of 2.0770 to the December average rate of 1.7460, the exchange rate registered a net change of -15.94% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 2.0873 was down 5.08% compared to the 2020 peak of 2.1990, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,436 PKR
2020 Average 10,530 PKR
Yearly Trough Low 7,551 PKR
Transaction Impact: A difference of 2,885.74 PKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

2.1101
1.7129
JanuMarcMayJulySeptNove

AFN 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 2.0138, compared to 1.9086 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1052 points.

H1 Avg (Jan–Jun) 2.0138
H2 Avg (Jul–Dec) 1.9086

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 0.3324 PKR (High: 1.8425 / Low: 1.5101). On the other end, January was the most stable month, with a tight range of 0.0346 PKR (High: 2.0873 / Low: 2.0526).

December Spread (Volatile) ±0.3324
January Spread (Stable) ±0.0346

Growth Streaks & Declines

Trends

Between May and July, 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 November and December, when the average rate fell by 0.1237 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.1237

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 2.0770) against the same month in 2020 (average: 2.0041), the exchange rate shifted by +0.0729 (+3.64%).

2021 Avg (January) 2.0770
2020 Avg (January) 2.0041

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 2.0873 2.0526 2.0770
February 2.0786 2.0217 2.0614
March 2.0412 1.9759 2.0155
April 1.9888 1.9477 1.9710
May 1.9809 1.9427 1.9702
June 2.0161 1.9681 1.9877
July 2.0370 1.9443 2.0003
August 2.0599 1.9065 1.9836
September 1.9909 1.8814 1.9436
October 1.9405 1.8809 1.9086
November 1.9218 1.8319 1.8697
December 1.8425 1.5101 1.7460