2023 CNY to PGK Historical Review

YEARLY HIGH

0.5342 PGK

YEARLY LOW

0.4834 PGK

YEARLY AVERAGE

0.5093 PGK

2023 CNY to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CNY to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 0.5342. Conversely, the yearly low was recorded on August 18, dropping to 0.4834.

This high-to-low spread represents a total annual volatility of 0.0508 PGK. From a start-to-finish perspective, comparing the January average rate of 0.5187 to the December average rate of 0.5255, the exchange rate registered a net change of 1.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5342 was down 4.84% compared to the 2022 peak of 0.5614, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 CNY based on timing:

Yearly Peak High 13,356 PGK

2022 Average 13,128 PGK

Yearly Trough Low 12,085 PGK

Transaction Impact: A difference of 1,270.46 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5284

0.4938

JanuMarcMayJulySeptNove

CNY 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 0.5099, compared to 0.5087 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.5099

H2 Avg (Jul–Dec) 0.5087

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0267 PGK (High: 0.5342 / Low: 0.5076). On the other end, May was the most stable month, with a tight range of 0.0121 PGK (High: 0.5104 / Low: 0.4983).

November Spread (Volatile) ±0.0267

May Spread (Stable) ±0.0121

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0088 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0088

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.5208) against the same month in 2022 (average: 0.4913), the exchange rate shifted by +0.0295 (+6.01%).

2023 Avg (November) 0.5208

2022 Avg (November) 0.4913

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5251	0.5096	0.5187
February	0.5241	0.5060	0.5157
March	0.5188	0.5045	0.5110
April	0.5191	0.5046	0.5120
May	0.5104	0.4983	0.5055
June	0.5092	0.4853	0.4967
July	0.5066	0.4853	0.4969
August	0.5069	0.4834	0.4997
September	0.5051	0.4863	0.4998
October	0.5239	0.5023	0.5095
November	0.5342	0.5076	0.5208
December	0.5341	0.5200	0.5255