YEARLY HIGH
1.8362 PKR
YEARLY LOW
1.6187 PKR
YEARLY AVERAGE
1.7400 PKR

2021 CVE to PKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the CVE to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on October 26, valuing the pair at 1.8362. Conversely, the yearly low was recorded on March 31, dropping to 1.6187.

This high-to-low spread represents a total annual volatility of 0.2175 PKR. From a start-to-finish perspective, comparing the January average rate of 1.7654 to the December average rate of 1.8118, the exchange rate registered a net change of 2.63% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.8362 was up 0.85% compared to the 2020 peak of 1.8207, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,181 PKR
2020 Average 8,335 PKR
Yearly Trough Low 8,093 PKR
Transaction Impact: A difference of 1,087.46 PKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.8276
1.6376
JanuMarcMayJulySeptNove

CVE 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 1.7029, compared to 1.7771 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0741 points.

H1 Avg (Jan–Jun) 1.7029
H2 Avg (Jul–Dec) 1.7771

Volatility Range Comparison

Volatility

The most volatile month in 2021 was March, with a trading range of 0.1033 PKR (High: 1.7220 / Low: 1.6187). On the other end, February was the most stable month, with a tight range of 0.0240 PKR (High: 1.7509 / Low: 1.7269).

March Spread (Volatile) ±0.1033
February Spread (Stable) ±0.0240

Growth Streaks & Declines

Trends

Between April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0634 points.

Longest Streak 6 Mo.
Sharpest MoM Drop -0.0634

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2021: 1.8027) against the same month in 2020 (average: 1.7307), the exchange rate shifted by +0.0720 (+4.16%).

2021 Avg (October) 1.8027
2020 Avg (October) 1.7307

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.7783 1.7536 1.7654
February 1.7509 1.7269 1.7407
March 1.7220 1.6187 1.6773
April 1.6860 1.6224 1.6535
May 1.7146 1.6487 1.6804
June 1.7243 1.6472 1.7003
July 1.7449 1.6808 1.7081
August 1.7869 1.7360 1.7566
September 1.8121 1.7796 1.7943
October 1.8362 1.7825 1.8027
November 1.8180 1.7713 1.7890
December 1.8293 1.7851 1.8118