2023 HKD to PGK Historical Review

YEARLY HIGH

0.4860 PGK

YEARLY LOW

0.4426 PGK

YEARLY AVERAGE

0.4600 PGK

2023 HKD to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HKD to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 0.4860. Conversely, the yearly low was recorded on March 18, dropping to 0.4426.

This high-to-low spread represents a total annual volatility of 0.0433 PGK. From a start-to-finish perspective, comparing the January average rate of 0.4505 to the December average rate of 0.4790, the exchange rate registered a net change of 6.33% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4860 was up 5.61% compared to the 2022 peak of 0.4602, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 12,149 PGK

2022 Average 11,261 PGK

Yearly Trough Low 11,066 PGK

Transaction Impact: A difference of 1,083.28 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4838

0.4455

JanuMarcMayJulySeptNove

HKD 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 0.4504, compared to 0.4696 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0192 points.

H1 Avg (Jan–Jun) 0.4504

H2 Avg (Jul–Dec) 0.4696

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0175 PGK (High: 0.4669 / Low: 0.4494). On the other end, January was the most stable month, with a tight range of 0.0026 PGK (High: 0.4516 / Low: 0.4490).

August Spread (Volatile) ±0.0175

January Spread (Stable) ±0.0026

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 November and December, when the average rate fell by 0.0016 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.4806) against the same month in 2022 (average: 0.4496), the exchange rate shifted by +0.0310 (+6.91%).

2023 Avg (November) 0.4806

2022 Avg (November) 0.4496

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4516	0.4490	0.4505
February	0.4553	0.4484	0.4497
March	0.4550	0.4426	0.4487
April	0.4551	0.4443	0.4492
May	0.4591	0.4483	0.4507
June	0.4603	0.4488	0.4537
July	0.4630	0.4492	0.4568
August	0.4669	0.4494	0.4622
September	0.4716	0.4555	0.4655
October	0.4817	0.4669	0.4737
November	0.4860	0.4740	0.4806
December	0.4847	0.4757	0.4790