YEARLY HIGH
0.0988 ZAR
YEARLY LOW
0.0831 ZAR
YEARLY AVERAGE
0.0909 ZAR

2021 PKR to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the PKR to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 0.0988. Conversely, the yearly low was recorded on October 20, dropping to 0.0831.

This high-to-low spread represents a total annual volatility of 0.0157 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.0941 to the December average rate of 0.0894, the exchange rate registered a net change of -4.99% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0988 was down 17.29% compared to the 2020 peak of 0.1195, 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 49,409 ZAR
2020 Average 50,853 ZAR
Yearly Trough Low 41,559 ZAR
Transaction Impact: A difference of 7,850.02 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0969
0.0856
JanuMarcMayJulySeptNove

PKR to ZAR 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 0.0930, compared to 0.0888 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0042 points.

H1 Avg (Jan–Jun) 0.0930
H2 Avg (Jul–Dec) 0.0888

Volatility Range Comparison

Volatility

The most volatile month in 2021 was August, with a trading range of 0.0062 ZAR (High: 0.0933 / Low: 0.0871). On the other end, April was the most stable month, with a tight range of 0.0032 ZAR (High: 0.0958 / Low: 0.0926).

August Spread (Volatile) ±0.0062
April Spread (Stable) ±0.0032

Growth Streaks & Declines

Trends

Between September and November, 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 August and September, when the average rate fell by 0.0033 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0033

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2021: 0.0960) against the same month in 2020 (average: 0.1054), the exchange rate shifted by -0.0094 (-8.94%).

2021 Avg (March) 0.0960
2020 Avg (March) 0.1054

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0967 0.0910 0.0941
February 0.0954 0.0907 0.0927
March 0.0988 0.0938 0.0960
April 0.0958 0.0926 0.0942
May 0.0944 0.0886 0.0917
June 0.0915 0.0869 0.0890
July 0.0923 0.0890 0.0907
August 0.0933 0.0871 0.0898
September 0.0890 0.0841 0.0865
October 0.0888 0.0831 0.0865
November 0.0931 0.0871 0.0897
December 0.0916 0.0872 0.0894