2023 EGP to PGK Historical Review

YEARLY HIGH

0.1426 PGK

YEARLY LOW

0.1128 PGK

YEARLY AVERAGE

0.1176 PGK

2023 EGP to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EGP to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 0.1426. Conversely, the yearly low was recorded on April 30, dropping to 0.1128.

This high-to-low spread represents a total annual volatility of 0.0298 PGK. From a start-to-finish perspective, comparing the January average rate of 0.1236 to the December average rate of 0.1211, the exchange rate registered a net change of -2.07% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1426 was down 37.00% compared to the 2022 peak of 0.2263, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 713 PGK

2022 Average 936 PGK

Yearly Trough Low 564 PGK

Transaction Impact: A difference of 149.12 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1245

0.1134

JanuMarcMayJulySeptNove

EGP 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 0.1163, compared to 0.1189 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0026 points.

H1 Avg (Jan–Jun) 0.1163

H2 Avg (Jul–Dec) 0.1189

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0258 PGK (High: 0.1426 / Low: 0.1168). On the other end, March was the most stable month, with a tight range of 0.0021 PGK (High: 0.1156 / Low: 0.1135).

January Spread (Volatile) ±0.0258

March Spread (Stable) ±0.0021

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 January and February, when the average rate fell by 0.0078 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0078

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1236) against the same month in 2022 (average: 0.2241), the exchange rate shifted by -0.1005 (-44.85%).

2023 Avg (January) 0.1236

2022 Avg (January) 0.2241

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1426	0.1168	0.1236
February	0.1173	0.1150	0.1158
March	0.1156	0.1135	0.1143
April	0.1155	0.1128	0.1143
May	0.1167	0.1133	0.1145
June	0.1169	0.1139	0.1150
July	0.1176	0.1140	0.1157
August	0.1185	0.1140	0.1171
September	0.1194	0.1157	0.1180
October	0.1220	0.1178	0.1200
November	0.1226	0.1198	0.1215
December	0.1223	0.1202	0.1211