YEARLY HIGH
1.0019 JMD
YEARLY LOW
0.8571 JMD
YEARLY AVERAGE
0.9262 JMD

2021 PKR to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the PKR to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 1.0019. Conversely, the yearly low was recorded on October 3, dropping to 0.8571.

This high-to-low spread represents a total annual volatility of 0.1449 JMD. From a start-to-finish perspective, comparing the January average rate of 0.8978 to the December average rate of 0.8696, the exchange rate registered a net change of -3.14% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.0019 was up 7.09% compared to the 2020 peak of 0.9356, 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 500,974 JMD
2020 Average 438,777 JMD
Yearly Trough Low 428,536 JMD
Transaction Impact: A difference of 72,437.76 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.9947
0.8582
JanuMarcMayJulySeptNove

PKR to JMD 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 0.9496, compared to 0.9028 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0469 points.

H1 Avg (Jan–Jun) 0.9496
H2 Avg (Jul–Dec) 0.9028

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.0480 JMD (High: 1.0019 / Low: 0.9538). On the other end, June was the most stable month, with a tight range of 0.0192 JMD (High: 0.9659 / Low: 0.9466).

April Spread (Volatile) ±0.0480
June Spread (Stable) ±0.0192

Growth Streaks & Declines

Trends

Between 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 August and September, when the average rate fell by 0.0474 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0474

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2021: 0.9833) against the same month in 2020 (average: 0.8998), the exchange rate shifted by +0.0835 (+9.28%).

2021 Avg (May) 0.9833
2020 Avg (May) 0.8998

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.9131 0.8839 0.8978
February 0.9559 0.9150 0.9398
March 0.9624 0.9318 0.9442
April 1.0019 0.9538 0.9763
May 1.0019 0.9606 0.9833
June 0.9659 0.9466 0.9564
July 0.9672 0.9410 0.9551
August 0.9537 0.9076 0.9342
September 0.9058 0.8632 0.8868
October 0.8972 0.8571 0.8742
November 0.9137 0.8819 0.8968
December 0.8867 0.8604 0.8696