2023 BOB to PGK Historical Review

YEARLY HIGH

0.5486 PGK

YEARLY LOW

0.5048 PGK

YEARLY AVERAGE

0.5214 PGK

2023 BOB to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BOB to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 0.5486. Conversely, the yearly low was recorded on April 30, dropping to 0.5048.

This high-to-low spread represents a total annual volatility of 0.0438 PGK. From a start-to-finish perspective, comparing the January average rate of 0.5098 to the December average rate of 0.5408, the exchange rate registered a net change of 6.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5486 was up 5.13% compared to the 2022 peak of 0.5218, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,743 PGK

2022 Average 2,559 PGK

Yearly Trough Low 2,524 PGK

Transaction Impact: A difference of 219.11 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5470

0.5065

JanuMarcMayJulySeptNove

BOB 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 0.5112, compared to 0.5316 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0204 points.

H1 Avg (Jan–Jun) 0.5112

H2 Avg (Jul–Dec) 0.5316

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0203 PGK (High: 0.5298 / Low: 0.5094). On the other end, January was the most stable month, with a tight range of 0.0011 PGK (High: 0.5102 / Low: 0.5091).

August Spread (Volatile) ±0.0203

January Spread (Stable) ±0.0011

Growth Streaks & Declines

Trends

Between March and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0028 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0028

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.5436) against the same month in 2022 (average: 0.5098), the exchange rate shifted by +0.0338 (+6.63%).

2023 Avg (November) 0.5436

2022 Avg (November) 0.5098

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5102	0.5091	0.5098
February	0.5165	0.5091	0.5107
March	0.5170	0.5092	0.5104
April	0.5166	0.5048	0.5104
May	0.5203	0.5092	0.5114
June	0.5221	0.5091	0.5143
July	0.5239	0.5093	0.5173
August	0.5298	0.5094	0.5236
September	0.5337	0.5169	0.5276
October	0.5447	0.5280	0.5368
November	0.5486	0.5371	0.5436
December	0.5469	0.5351	0.5408