YEARLY HIGH
12.0310 PKR
YEARLY LOW
10.1195 PKR
YEARLY AVERAGE
11.0182 PKR

2021 ZAR to PKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the ZAR to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on October 20, valuing the pair at 12.0310. Conversely, the yearly low was recorded on March 8, dropping to 10.1195.

This high-to-low spread represents a total annual volatility of 1.9114 PKR. From a start-to-finish perspective, comparing the January average rate of 10.6253 to the December average rate of 11.1824, the exchange rate registered a net change of 5.24% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 12.0310 was up 8.28% compared to the 2020 peak of 11.1110, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 601,550 PKR
2020 Average 493,671 PKR
Yearly Trough Low 505,977 PKR
Transaction Impact: A difference of 95,572.47 PKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

11.6741
10.3056
JanuMarcMayJulySeptNove

ZAR 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 10.7668, compared to 11.2696 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5028 points.

H1 Avg (Jan–Jun) 10.7668
H2 Avg (Jul–Dec) 11.2696

Volatility Range Comparison

Volatility

The most volatile month in 2021 was October, with a trading range of 0.7704 PKR (High: 12.0310 / Low: 11.2605). On the other end, April was the most stable month, with a tight range of 0.3581 PKR (High: 10.7994 / Low: 10.4413).

October Spread (Volatile) ±0.7704
April Spread (Stable) ±0.3581

Growth Streaks & Declines

Trends

Between March and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.4126 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.4126

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2021: 11.5593) against the same month in 2020 (average: 9.9078), the exchange rate shifted by +1.6515 (+16.67%).

2021 Avg (October) 11.5593
2020 Avg (October) 9.9078

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 10.9859 10.3395 10.6253
February 11.0289 10.4793 10.7934
March 10.6584 10.1195 10.4196
April 10.7994 10.4413 10.6189
May 11.2822 10.5983 10.9074
June 11.5094 10.9283 11.2362
July 11.2366 10.8289 11.0301
August 11.4834 10.7206 11.1392
September 11.8922 11.2354 11.5601
October 12.0310 11.2605 11.5593
November 11.4875 10.7442 11.1467
December 11.4628 10.9222 11.1824