2023 BND to PGK Historical Review

YEARLY HIGH

2.8605 PGK

YEARLY LOW

2.5910 PGK

YEARLY AVERAGE

2.6827 PGK

2023 BND to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BND to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 2.8605. Conversely, the yearly low was recorded on August 18, dropping to 2.5910.

This high-to-low spread represents a total annual volatility of 0.2695 PGK. From a start-to-finish perspective, comparing the January average rate of 2.6551 to the December average rate of 2.8079, the exchange rate registered a net change of 5.75% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.8605 was up 8.30% compared to the 2022 peak of 2.6413, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,303 PGK

2022 Average 12,795 PGK

Yearly Trough Low 12,955 PGK

Transaction Impact: A difference of 1,347.35 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.8258

2.6109

JanuMarcMayJulySeptNove

BND 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 2.6439, compared to 2.7215 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0776 points.

H1 Avg (Jan–Jun) 2.6439

H2 Avg (Jul–Dec) 2.7215

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.1494 PGK (High: 2.7414 / Low: 2.5921). On the other end, May was the most stable month, with a tight range of 0.0556 PGK (High: 2.6609 / Low: 2.6053).

July Spread (Volatile) ±0.1494

May Spread (Stable) ±0.0556

Growth Streaks & Declines

Trends

Between May and August, 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 February and March, when the average rate fell by 0.0210 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0210

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 2.8079) against the same month in 2022 (average: 2.6085), the exchange rate shifted by +0.1994 (+7.64%).

2023 Avg (December) 2.8079

2022 Avg (December) 2.6085

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6861	2.6127	2.6551
February	2.6986	2.6126	2.6498
March	2.6760	2.6012	2.6288
April	2.6924	2.6355	2.6510
May	2.6609	2.6053	2.6383
June	2.6728	2.5921	2.6405
July	2.7414	2.5921	2.6764
August	2.7167	2.5910	2.6788
September	2.7108	2.6181	2.6753
October	2.7522	2.6655	2.7082
November	2.8272	2.7098	2.7827
December	2.8605	2.7761	2.8079