2023 CVE to PGK Historical Review

YEARLY HIGH

0.0379 PGK

YEARLY LOW

0.0336 PGK

YEARLY AVERAGE

0.0353 PGK

2023 CVE to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.0379. Conversely, the yearly low was recorded on June 13, dropping to 0.0336.

This high-to-low spread represents a total annual volatility of 0.0043 PGK. From a start-to-finish perspective, comparing the January average rate of 0.0344 to the December average rate of 0.0370, the exchange rate registered a net change of 7.57% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0379 was up 3.50% compared to the 2022 peak of 0.0366, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 190 PGK

2022 Average 168 PGK

Yearly Trough Low 168 PGK

Transaction Impact: A difference of 21.62 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0373

0.0339

JanuMarcMayJulySeptNove

CVE 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 0.0346, compared to 0.0360 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 0.0346

H2 Avg (Jul–Dec) 0.0360

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0022 PGK (High: 0.0368 / Low: 0.0346). On the other end, May was the most stable month, with a tight range of 0.0011 PGK (High: 0.0352 / Low: 0.0341).

July Spread (Volatile) ±0.0022

May Spread (Stable) ±0.0011

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 August and September, when the average rate fell by 0.0005 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.0370) against the same month in 2022 (average: 0.0338), the exchange rate shifted by +0.0032 (+9.43%).

2023 Avg (December) 0.0370

2022 Avg (December) 0.0338

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0348	0.0336	0.0344
February	0.0349	0.0338	0.0342
March	0.0350	0.0337	0.0342
April	0.0358	0.0347	0.0350
May	0.0352	0.0341	0.0347
June	0.0356	0.0336	0.0348
July	0.0368	0.0346	0.0358
August	0.0363	0.0346	0.0358
September	0.0360	0.0345	0.0353
October	0.0363	0.0348	0.0355
November	0.0375	0.0355	0.0367
December	0.0379	0.0360	0.0370