2023 TRY to PKR Historical Review

YEARLY HIGH

15.1067 PKR

YEARLY LOW

9.4387 PKR

YEARLY AVERAGE

12.0602 PKR

2023 TRY to PKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 11, valuing the pair at 15.1067. Conversely, the yearly low was recorded on December 29, dropping to 9.4387.

This high-to-low spread represents a total annual volatility of 5.6680 PKR. From a start-to-finish perspective, comparing the January average rate of 12.4451 to the December average rate of 9.6923, the exchange rate registered a net change of -22.12% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 15.1067 was up 11.78% compared to the 2022 peak of 13.5148, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 755,334 PKR

2022 Average 618,772 PKR

Yearly Trough Low 471,935 PKR

Transaction Impact: A difference of 283,399.95 PKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

15.2488

9.1872

JanuMarcMayJulySeptNove

TRY 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 13.7551, compared to 10.3653 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.3898 points.

H1 Avg (Jan–Jun) 13.7551

H2 Avg (Jul–Dec) 10.3653

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 2.6997 PKR (High: 13.6771 / Low: 10.9775). On the other end, November was the most stable month, with a tight range of 0.3370 PKR (High: 10.0712 / Low: 9.7342).

June Spread (Volatile) ±2.6997

November Spread (Stable) ±0.3370

Growth Streaks & Declines

Trends

Between January and March, 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 May and June, when the average rate fell by 2.3127 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -2.3127

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 14.4528) against the same month in 2022 (average: 12.4308), the exchange rate shifted by +2.0219 (+16.27%).

2023 Avg (May) 14.4528

2022 Avg (May) 12.4308

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.2441	12.0941	12.4451
February	14.6363	13.3009	14.0837
March	14.8947	13.8753	14.7437
April	14.9877	14.3793	14.6651
May	15.1067	13.7494	14.4528
June	13.6771	10.9775	12.1401
July	11.0586	10.4400	10.6377
August	11.5785	10.4990	10.9059
September	11.5048	10.4734	11.0247
October	10.5151	9.7891	10.0193
November	10.0712	9.7342	9.9117
December	9.8694	9.4387	9.6923