2023 BGN to PGK Historical Review

YEARLY HIGH

2.1374 PGK

YEARLY LOW

1.8957 PGK

YEARLY AVERAGE

1.9922 PGK

2023 BGN to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 2.1374. Conversely, the yearly low was recorded on January 5, dropping to 1.8957.

This high-to-low spread represents a total annual volatility of 0.2417 PGK. From a start-to-finish perspective, comparing the January average rate of 1.9424 to the December average rate of 2.0886, the exchange rate registered a net change of 7.52% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.1374 was up 3.19% compared to the 2022 peak of 2.0713, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,687 PGK

2022 Average 9,501 PGK

Yearly Trough Low 9,478 PGK

Transaction Impact: A difference of 1,208.74 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.1046

1.9129

JanuMarcMayJulySeptNove

BGN to PGK 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 1.9522, compared to 2.0321 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0800 points.

H1 Avg (Jan–Jun) 1.9522

H2 Avg (Jul–Dec) 2.0321

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.1143 PGK (High: 2.0780 / Low: 1.9637). On the other end, April was the most stable month, with a tight range of 0.0489 PGK (High: 2.0077 / Low: 1.9588).

July Spread (Volatile) ±0.1143

April Spread (Stable) ±0.0489

Growth Streaks & Declines

Trends

Between September and December, 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 August and September, when the average rate fell by 0.0282 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0282

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 2.0886) against the same month in 2022 (average: 1.9080), the exchange rate shifted by +0.1806 (+9.47%).

2023 Avg (December) 2.0886

2022 Avg (December) 1.9080

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9641	1.8957	1.9424
February	1.9660	1.8984	1.9304
March	1.9819	1.9006	1.9289
April	2.0077	1.9588	1.9786
May	1.9937	1.9308	1.9626
June	2.0040	1.9249	1.9700
July	2.0780	1.9637	2.0193
August	2.0472	1.9545	2.0177
September	2.0232	1.9545	1.9896
October	2.0363	1.9617	2.0024
November	2.1168	2.0086	2.0753
December	2.1374	2.0523	2.0886