2023 GTQ to PGK Historical Review

YEARLY HIGH

0.4839 PGK

YEARLY LOW

0.4481 PGK

YEARLY AVERAGE

0.4600 PGK

2023 GTQ to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GTQ to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 0.4839. Conversely, the yearly low was recorded on January 23, dropping to 0.4481.

This high-to-low spread represents a total annual volatility of 0.0358 PGK. From a start-to-finish perspective, comparing the January average rate of 0.4489 to the December average rate of 0.4776, the exchange rate registered a net change of 6.40% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4839 was up 4.04% compared to the 2022 peak of 0.4651, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,419 PGK

2022 Average 2,276 PGK

Yearly Trough Low 2,241 PGK

Transaction Impact: A difference of 178.92 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4827

0.4458

JanuMarcMayJulySeptNove

GTQ 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 0.4517, compared to 0.4682 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0165 points.

H1 Avg (Jan–Jun) 0.4517

H2 Avg (Jul–Dec) 0.4682

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0176 PGK (High: 0.4660 / Low: 0.4485). On the other end, January was the most stable month, with a tight range of 0.0012 PGK (High: 0.4494 / Low: 0.4481).

August Spread (Volatile) ±0.0176

January Spread (Stable) ±0.0012

Growth Streaks & Declines

Trends

Between January and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0020 points.

Longest Streak 10 Mo.

Sharpest MoM Drop -0.0020

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.4796) against the same month in 2022 (average: 0.4510), the exchange rate shifted by +0.0287 (+6.36%).

2023 Avg (November) 0.4796

2022 Avg (November) 0.4510

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4494	0.4481	0.4489
February	0.4570	0.4481	0.4506
March	0.4578	0.4506	0.4520
April	0.4577	0.4511	0.4526
May	0.4597	0.4496	0.4527
June	0.4607	0.4486	0.4536
July	0.4613	0.4483	0.4556
August	0.4660	0.4485	0.4605
September	0.4686	0.4539	0.4633
October	0.4801	0.4642	0.4728
November	0.4839	0.4740	0.4796
December	0.4832	0.4727	0.4776