2023 ETB to PGK Historical Review

YEARLY HIGH

0.0681 PGK

YEARLY LOW

0.0641 PGK

YEARLY AVERAGE

0.0658 PGK

2023 ETB to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 0.0681. Conversely, the yearly low was recorded on August 18, dropping to 0.0641.

This high-to-low spread represents a total annual volatility of 0.0040 PGK. From a start-to-finish perspective, comparing the January average rate of 0.0657 to the December average rate of 0.0666, the exchange rate registered a net change of 1.42% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0681 was down 5.11% compared to the 2022 peak of 0.0717, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 340 PGK

2022 Average 340 PGK

Yearly Trough Low 320 PGK

Transaction Impact: A difference of 19.94 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0675

0.0647

JanuMarcMayJulySeptNove

ETB 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 0.0653, compared to 0.0662 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.0653

H2 Avg (Jul–Dec) 0.0662

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0024 PGK (High: 0.0665 / Low: 0.0641). On the other end, January was the most stable month, with a tight range of 0.0004 PGK (High: 0.0658 / Low: 0.0654).

August Spread (Volatile) ±0.0024

January Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between May and November, 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 November and December, when the average rate fell by 0.0007 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.0673) against the same month in 2022 (average: 0.0662), the exchange rate shifted by +0.0011 (+1.61%).

2023 Avg (November) 0.0673

2022 Avg (November) 0.0662

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0658	0.0654	0.0657
February	0.0664	0.0654	0.0657
March	0.0663	0.0653	0.0655
April	0.0656	0.0647	0.0651
May	0.0658	0.0647	0.0650
June	0.0658	0.0645	0.0651
July	0.0658	0.0643	0.0651
August	0.0665	0.0641	0.0657
September	0.0667	0.0648	0.0660
October	0.0676	0.0656	0.0667
November	0.0681	0.0664	0.0673
December	0.0674	0.0661	0.0666